If subservicing is included in FHFA's market share cap, Rocket plans to shift some of the servicing mix at the combined Rocket/Mr. Cooper.

Nonconforming products accounted for 21.2% of first-lien originations in the second quarter, according to a new analysis by Inside Mortgage Finance.

VantageScore and FICO offer competing research claiming that their respective scores are better.

“Today, that value is worth anywhere between $500 billion and $700 billion,” said FHFA Director Bill Pulte. “I think it’s going to be a $1 trillion, and potentially even higher.”

FHFA Director Bill Pulte announced on X that there's a new allegation of mortgage fraud against Federal Reserve Governor Lisa Cook.

The regulator, though, says no market participant can account for more than 20% of the GSEs' servicing market.

Freddie Mac credit insurance increases raised the numbers for both GSEs in the second quarter.

Libby Cantrill, a managing director and head of public policy at PIMCO, warned that the administration’s concept is beset with problems.

Refi deliveries declined by 22.4% from June.

The retail segment, with a market share of 42.7%, maintained a narrow lead ahead of correspondents in the second quarter.