A bill with bipartisan support to ban trigger leads tied to mortgage applications was removed from a defense spending package.

Onity received $49.5 million for the sale.

Some nonbanks are placing exceptionally high bids for MSR, counting on being able to recapture a high number of borrowers with refinances when interest rates decline.

Fitch assigned a B rating to the planned $400 million senior unsecured debt issuance from Planet Financial Group.

In the third quarter, conforming jumbos accounted for 5.4% of total agency business.

“For MBA, the most critical issue to address before releasing the GSEs is the establishment of an explicit federal backstop for mortgage-backed securities,” according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association.

It's the first securitization of closed-end second liens from the affiliate of Ellington Management Group.

FHA’s new cyber incident reporting requirements align with those of the federal banking regulators.

The good news: All the firms reported positive income from production, although a few earned less than they had in 2Q24.

Investments in customer service can help both borrowers and servicers, according to industry participants. Servicers are using AI and other tech to help borrowers and potentially generate recapture business.