Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.

Issuance grew 2.8% on a sequential basis to $9.62 billion in the second quarter of 2024.

“Improvements in problem resolution and satisfaction with digital channels are the primary drivers of this year’s higher scores,” J.D. Power said of servicer satisfaction.

Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.

A decline in interest rates wasn't enough to help push up applications of purchase mortgages last week.

Non-QM lender Acra Lending has been profitable in the last three years.

The $507.9 million Citi deal includes loans originated by Rocket Mortgage and others...

“Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Skylar Olsen, chief economist at Zillow.

An affiliate of Ares Management started marketing a $358.24 million non-QM mortgage-backed security.

Two entities at JPMorgan Chase started marketing separate prime non-agency mortgage-backed securities Monday.