Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.

Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.

Besides being an active home lender and originator, NexBank is the nation’s 13^th largest warehouse provider.

Currently, Dan Gilbert, Rocket’s chairman, owns about 93% of the company’s stock.

“There’s a surprising amount of people moving around the industry these days," said one consultant.

A cooling job market is good news for the prospect of interest rate cuts.

Although mortgage “franchise” deals have been few and far between this year, branch network sales have been a different story. One reason: Employees at those networks feel they might be better served under a more aggressive boss, especially with lower rates expected.

“They’re probably getting it at a good price,” said one nonprime executive...

The servicing sales market has slowed noticeably the past few months.

Meanwhile, Acra is working on its first non-QM MBS deal, which is slated for issuance in September.