Mortgage leaders at this year's MBA annual event in Las Vegas said that creating more scale is one solution to turn a profit in a more costly mortgage production environment.

Rick Calle previously held the position from 2016 to 2022.

Fifth Third Bank has agreed to buy Comerica in a $10.9 billion all-stock transaction.

FICO said its new credit score acquisition option could save lenders up to 50% on certain costs for credit scores.

Mr. Cooper and all of its servicing functions will be rebranded “under the Rocket umbrella.”

Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.

Compass and Anywhere Real Estate have separate mortgage joint ventures with Guaranteed Rate.

One investment banker noted the privately held SPM sold about $5 billion of MSRs back in 2024.

SitusAMC expects that by the time 2025 ends about $600 billion worth of bulk agency MSR will have changed hands.

The unit started issuing jumbo mortgage-backed securities mid-2024.