Ohio Attorney General Dave Yost has sued United Wholesale Mortgage for allegedly colluding with brokers to push borrowers into higher-priced mortgages. UWM denied the allegations, noting that it’s not illegal for a broker to send most or all of its business to one lender.

New bills in Congress aimed at the housing market have some bipartisan support; Trump fires Democrats on NCUA board; Trump administration looks to boost mortgage activity at smaller banks.

CrossCountry contributed $942.1 million in loans to expanded-credit MBS issued during the first quarter of 2025.

Mr. Cooper's subservicing declined during the first quarter of 2025 as some customers left following Mr. Cooper's acquisition of Flagstar Bank.

The bank will shift from lending in 30 states to focusing on customers in its branch network in Florida.

Only three other prime non-agency MBS have hit the market this month.

Sales of new homes increased on both monthly and annual bases in March.

The bulk of the first-quarter decline was in subservicing.

The settlement contributed to a pre-tax loss of $2.2 million for Waterstone’s mortgage unit in the first quarter of 2025.

Mr. Cooper Group and Angel Oak Companies are separately marketing their first securitizations of home equity loans.