The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.

Examples from various industries, including the mortgage market, helped to push the FTC to issue the final rule.

Rising interest rates helped to lift the value of the nonbank's MSRs.

The civil monetary penalties resulting from the administrative actions were roughly $26.4 million.

Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.

The first-quarter slump was largely confined to bulk sales of Fannie and Freddie mortgage servicing rights.

Sam Khater, chief economist at Freddie Mac, described the issue as “urgent, but manageable,” an opinion shared by others at the conference hosted by Americatalyst.

Denis McDonough, secretary of the Department of Veterans Affairs, said VA’s track record on mortgage financing is the best in the industry and that foreclosures among VA borrowers are extraordinarily rare.

The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.

The bulk of the production at the bank comes through the correspondent channel via AmeriHome.