July 26, 2024By Brandon IveyShort Takes: Mr. Cooper’s Growth / Bank Regulators Reviewing Regulations / TransUnion Sees Higher Revenue on Lower Inquiries / Jumbo MBS From Morgan StanleyMr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.
July 25, 2024By Brandon IveyMr. Cooper to Acquire Most of Flagstar’s Mortgage BusinessMr. Cooper will pay $1.4 billion for Flagstar Bank's servicing portfolio and third-party originations platform.
July 25, 2024By Brandon IveyMr. Cooper’s Profits Increase in Second QuarterPre-tax income in the servicing segment hit $354 million in the second quarter, including a mark-to-market gain of $68 million.
July 25, 2024By Brandon IveyShort Takes: Servicer Satisfaction Improves / New Verification Offering From Equifax / PIMCO Quick With Non-QM MBS / New-Home Sales Level