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.

Mike Carnes, a valuation specialist for MIAC Analytics, said he’s seen a “lot more financiers” of servicing rights arrive in the past year.

MBA’s forecast is that the Fed will make at most one more cut this cycle.

“These are great times for us to see what new opportunities are available,” said Ingrid Ripley, executive director of the single-family housing guaranteed loan program for the Rural Housing Service.

Rithm handled servicing with an unpaid principal balance of $844 billion as of the end of 2024.

Freedom plans to use proceeds from the offering for “general corporate purposes,” including repaying existing senior secured debt.