Sarah Brundage, president and CEO of the National Association of Affordable Housing Lenders, noted that the Biden administration has given greater attention to the nation’s housing challenges than any recent administration, including initiatives to boost housing supply, provide relief for homeowners during the pandemic and tackle appraisal bias.

More than half of the second-quarter bulk deals were attributable to two buyers: Mr. Cooper Group and Lakeview...

Wells has transitioned its tax-service functions to a third-party vendor.

Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.

Mr. Cooper will pay $1.4 billion for Flagstar Bank's servicing portfolio and third-party originations platform.

Pre-tax income in the servicing segment hit $354 million in the second quarter, including a mark-to-market gain of $68 million.

“Improvements in problem resolution and satisfaction with digital channels are the primary drivers of this year’s higher scores,” J.D. Power said of servicer satisfaction.

PennyMac's board boosted the second-quarter dividend 50% to 30 cents a share.

Some proposals that were planned for the spring or summer are now not expected until December.

The forbearance level only increased by 2 basis points from May, but it was the first increase in forbearance since October 2022.