It will be the 11th issuance of its type by loanDepot.

“UWM will be discontinuing our subservicing relationship with Mr. Cooper and they will no longer be [a mortgage servicing right] sale partner,” a UWM spokesperson said.

Reperforming loans sold by Fannie had an unpaid principal balance of $558.7 million.

“Tariffs and labor concerns contribute to our forecasts for flat to declining housing starts and completions in 2025 relative to 2024,” Fitch said.

Mr. Cooper was the eighth-largest correspondent aggregator in 2024.

Brookfield has more than $1.0 trillion in assets under management across a variety of sectors.

Rocket’s long-term issuer default rating could be downgraded due to elevated corporate leverage.

Better is touting investments in artificial intelligence to help slash costs tied to originating refis. The lender is also building a distributed retail operation to increase production of purchase mortgages.

MBA increases odds of a recession within next 12 months; new tools to verify employment, income; downpayment size increases in 2024; new proposals from MISMO; lender raises funds; Cardinal offers processing for brokers; new hire at Nationwide Mortgage Bankers.

The bulk of home equity lending remains in HELOCs by banks.