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Inside Mortgage Finance

May 2, 2024

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Mr. Cooper Takes Crown as Largest Mortgage Servicer in 1Q

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.) Read More

GSEs Continue to Profit in a Time of Dearth

Even though the mortgage market continued to struggle, Fannie Mae and Freddie Mac generated healthy profits in the first quarter of 2023 thanks to their business models. Read More

Freedom Attributes Lending Boom to Loan Characteristics

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. Read More

Lenders Face Skyrocketing Costs for Credit Scores

Lenders argue that dramatic price hikes by FICO have inflated their credit score costs by as much as 500% since 2022. Read More

An Uneven Story on 2023 Mortgage CEO Comp

What’s a mortgage CEO worth in a dicey origination market? According to an early read of proxy filings, some chief executives received nice pay packages last year, while others saw reductions. Read More

A New High for Origination Losses

Per loan origination losses hit a 15-year high last year. But is the worst of it over? It depends on the shop. Read More

California Bill Targeting Automation Tools Irks Trade Groups

A new California bill that seeks to regulate the use of automated decision tools is facing strong opposition from the Mortgage Bankers Association and other trade groups. Read More

Lenders Oppose HUD Rules on Energy Efficiency, Floods

The Department of Housing and Urban Development has finalized rules that would modernize residential building standards. Read More

Industry Participants Ponder Affordable Housing Options

A reduction in closing costs, down payment assistance programs for first-generation homebuyers and investing in communities that need housing could all lead to more affordable housing access. Read More

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