Fitch Ratings warned that it could downgrade its corporate rating on Rocket following the company’s planned acquisition of Mr. Cooper. Rocket’s corporate leverage looks poised to increase.

The founder of Rocket Companies could see $571.9 million in tax benefits triggered by the company’s planned acquisition of Mr. Cooper; legislation in the House would set standards for remote online notarization; new company offering NMLS-approved education.

JPMorgan Chase had a 47.4% improvement compared to 1Q24 and Wells Fargo was us 25.7%.

The spread on an expanded-credit MBS Annaly Capital Management priced this week was the widest pricing for the senior tranche of an expanded-credit MBS in more than a year.

HomeXpress is owned by Seer Capital Management, an investment fund.

“I strongly encourage lenders to make sure they have their ‘house in order’ as we are going to make it a focus to put bad actors on our suspended counterparty program at FHFA,” said FHFA Director Bill Pulte.

Few issuers tried to price non-agency MBS in the days following President Trump’s tariff announcement last week. An expanded-credit MBS from Annaly priced at the widest spreads seen in more than a year.

Only a handful of banks with less than $25 billion in assets have completed CRT transactions.

Nonbanks accounted for 65.2% of the residential mortgages originated in 2024. All of the top five lenders were nonbanks and they all gained market share. (Includes two data tables.)