Mr. Cooper and other nonbanks are growing through a mix of in-house originations and acquisitions, with an emphasis on the latter.

Ginnie initially planned on implementing the capital requirements at the end of 2023, along with other reforms.

A decline in interest rates and more housing inventory helped to increase pending home sales in September.

“Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

“My view is nothing will be done because it’s going to be too hard to get it done,” Jamie Dimon, chair and CEO of JPMorgan Chase, said of the potential for a re-proposal of capital requirements for large banks.

The loss was driven by negative marks on mortgage servicing rights and losses on interest rate swaps tied to hedging.

FHFA Deputy Director Naa Awaa Tagoe filled in for agency Director Sandra Thompson at the MBA's annual convention.

FHA delinquencies haven't been this high since the early days of COVID.

One advisor, requesting anonymity, said he had a couple of clients who took “double-digit” markdowns.

PrimeLending took an $8.7 million loss in the third quarter, with originations declining compared with the second quarter and a reduction in margins.