“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.

An continued implicit guarantee would be welcomed by MBS investors.

The rate of growth for non-agency MBS outstanding in 2024 was four times that of the growth in agency MBS.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.