The Federal Trade Commission ended the waiting period early for Bayview Asset Management's planned acquisition of Guild Mortgage.

Treasury Secretary Scott Bessent said FSOC is focused on economic growth because “regulators too often overlook the threat economic stagnation poses to financial stability.”

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

“Some house hunters are staying on the sidelines because they want mortgage rates to drop more significantly before jumping in,” Redfin said.

"We launched an interest only mortgage product to fill in the market gap left by First Republic [Bank] and others," said Richard Raffetto, a senior executive vice president at Flagstar and president of commercial and private banking.

The planned $560.4 million issuance is the largest CES securitization yet from the nonbank, which started issuing deals in April.

The Trump administration vowed to continue the effort to fire Cook, alleging mortgage fraud.

"As we look forward, I think it’ll be gradual," Brian Brown, chief financial officer and treasurer of Rocket Companies, said of improvements in the housing market for homebuyers.

The largest securitization in the batch is a $654.4 million prime non-agency MBS with loans originated by JPMorgan Chase Bank.

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.