PennyMac booked a weak increase in servicing income due to a large loss tied to hedges for MSRs; First American’s CEO doesn’t expect the CFPB’s effort on lender’s title insurance to change much.

While servicing outstanding ticked up 0.3% in the first quarter, Mr. Cooper's portfolio grew by 14.6%.

Rocket’s income was boosted in the first quarter by a jump in gains from the sale of loans and positive marks for mortgage servicing rights.

HUD cautioned that lenders could violate the Fair Housing Act by relying on decisions made by an advertising platform that uses artificial intelligence to place ads.

Ocwen received an exceptionally strong bid for some of its MSRs and opted to sell.

A proposal from FINRA to reduce the timeframe in which trades of MBS and ABS must be reported didn’t sit well with some industry participants, prompting the SEC to take a closer look at the proposal.

Servicing outstanding increased by an estimated 0.3% in the first quarter. Meanwhile, Mr. Cooper Group, which recently became the largest primary servicer, boosted its portfolio by 14.6% from the end of 2023. (Includes three data tables.)

Freedom Mortgage more than doubled its production from the fourth quarter to the first. Mike Patterson, COO of the nonbank, said the growth was driven by attractive loan characteristics.

FHFA and FHA issued new standards for reconsiderations of value.

Some MBS payoffs that were reinvested in agency MBS will instead be invested in Treasury securities.