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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.

Interest rates on mortgages increased by nearly 30 basis points during a two-week span.