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The government-sponsored enterprise improved slightly upon the previous quarter's numbers, but contraction in lending remains a risk.

Judge Kenneth Marra granted the servicer a summary judgment, ruling all of the government's claims were previously covered by the National Mortgage Settlement.

Meanwhile, the average purchase loan amount surged to its highest level in 2023, showing signs of continued demand amid limited inventory.

Loss sharing protects against some risks, leaving the acquirer with what could be a valuable asset so long as it can maintain adequate capital and service levels.

Although the company reported a loss, executives expressed confidence in its funding and liquidity.

Lenders would be required to assess a borrower's ability to repay such a loan.

The servicer didn't disclose how many customers were affected by the incident.

Housing costs increased at the slowest pace in over a decade nationwide, even while monthly growth now exceeds its pre-pandemic level.

But the company's earnings were up due to lower loss provisions.

The case involved unsolicited calls made by the lender over a five-year period beginning in late 2017 affecting more than 140,000 consumers.