Even with the lower margin, UWM boosted its net income, helped by improvements in the value of mortgage servicing rights.

Oversight standards are moving forward, despite the deregulatory bent of the Trump administration.

Some servicing advisors believe that, at the very least, Ginnie approvals on sale of MSRs will slow.

At yearend, UWM owned roughly $229.5 billion of MSRs.

Earnings reports from 26 publicly traded banks show just over half reported gains in mortgage-banking income from 3Q to 4Q.

Rates were up across all default categories in the fourth quarter of 2024.

Mr. Cooper originated $9.3 billion of residential loans in the fourth quarter, a 37% sequential improvement.

It’s unclear what Long’s role will be at Cenlar. He worked at EverBank for 25 years.

Mr. Cooper ended the year with an estimated $1.52 trillion in servicing volume.

Before he left the bureau, former CFPB Director Rohit Chopra issued guidance for states about enforcing regulation of unfair, deceptive or abusive acts or practices.