The Fed will have a new governor in place as it considers monetary policy this week and Fed Governor Lisa Cook will also remain in place.

Initially looking to raise around $500.0 million, Figure's IPO ultimately raised $787.5 million.

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.

Voxtur Analytics has faced financial difficulties in the past year and was late filing earnings for the second quarter of 2025.

Jay Promisco, president at Sierra Pacific Mortgage, said agentic AI can be used to manage the entire loan process.

The planned IPO will help Figure expand into other markets.

“Ultimately the goal is to continue to find ways to do more at a lower cost,” said one large unidentified lender surveyed by Fannie.

Anthony Hsieh, the founder of loanDepot who recently returned as CEO of the company, stressed that the nonbank is working on “profitable market share growth fueled by technology innovations.”

United Wholesale Mortgage has all of its servicing with one subservicer as the nonbank builds an in-house servicing operation.

"The challenge is getting the requisite understanding of risk, providing the governance infrastructure and really creating the level of transparency and understanding that allow for a less sophisticated lender to adopt this technology," said John Levonick, a senior partner at the law firm of Garris Horn.