A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.

Four rating services gained on Fitch in 2024 in terms of rating share for non-agency MBS issuance.

It will be the 11th issuance of its type by loanDepot.

Among other requests, the coalition of lender trade groups wants FHFA to conduct a cost/benefit analysis of the initiative.

“UWM will be discontinuing our subservicing relationship with Mr. Cooper and they will no longer be [a mortgage servicing right] sale partner,” a UWM spokesperson said.

Reperforming loans sold by Fannie had an unpaid principal balance of $558.7 million.

Don Layton noted that administrative reform of the GSEs will inherently retain most of the structures and obligations in the GSE charters.

The turnaround in servicing profitability was driven by markups in the value of mortgage servicing rights net of hedging efforts.

Brookfield has more than $1.0 trillion in assets under management across a variety of sectors.

Rocket’s long-term issuer default rating could be downgraded due to elevated corporate leverage.