Last week rumors were circulating in the industry that a top-ranked nonbank was about to be sold, but the name being floated was not Mr. Cooper.

One servicing advisor said he has “deals in progress,” just not as many as this time last year.

“The CDFI Fund is a targeted, accountable and impactful program that enables private capital to do more for more Americans,” industry trade groups wrote.

Officials at Rocket suggested that the combined companies could greatly reduce costs for homebuyers.

Rate bought Advocus — then known as Attorneys’ Title Guaranty Fund — in April 2022 for an undisclosed sum.

The rebrand included an ad during the Super Bowl.

The rescinded AFFH rule had set fair housing obligations for certain recipients of HUD funding.

At yearend, UWM owned roughly $229.5 billion of MSRs.

Some have suggested that WaFd may be for sale and closed its mortgage unit in an effort to simplify its balance sheet.

Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.