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Data used to determine the non-QM and prime jumbo numbers represent 75% of securities in each respective loan segment, the companies said.

The Federal Housing Administration's new foreclosure prevention strategy starts soon and a Department of Veterans Affairs option is getting final approvals.

Ahead of Sprout's bankruptcy, at least $27 million was transferred from its accounts to entities owned by Michael Strauss and accounts for his family, a new filing alleges.

The world's largest credit union said that Dietrich Kuhlmann, a retired rear admiral and currently the institution's chief operating officer, would succeed retiring CEO Mary McDuffie on March 1.

Other mortgage companies have piloted various aspects of Sagent's cloud native servicing platform but Mr. Cooper will be the first to try out the completed version.

Mortgage application activity had its largest decline in a year, according to the Mortgage Bankers Association.

The blockbuster merger proposal will be reviewed at a time when the Biden administration is expressing skepticism about consolidation. Its analysis will have to account for markets dominated by both big banks and the likes of Visa and Mastercard.

Significantly more Americans own a home now than a decade ago, but the disparity between Black homeownership rates and those of other racial and ethnic groups has grown wider, according to the National Association of Realtors.

The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.

The notorious group also allegedly targeted Academy Mortgage and Fidelity National.