Rep. French Hill, R-AR, the chair of the House Financial Services Committee, was critical of initiatives by Bill Pulte, director of the Federal Housing Finance Agency.
When asked Tuesday during Zillow’s earnings call whether mortgage lending is profitable for the company, company officials declined to directly answer the question.
The addition of Mr. Cooper Group’s portfolio in October more than doubled Rocket’s outstanding GSE servicing as the end of December, to $952.02 billion.