Secondary

While correspondent is still the bulk of Planet Financial's production, growth of its servicing portfolio helped the company increase retention volume.

The Mortgage Industry Standards Maintenance Organization is nearing completion on the first of a three-phase Veterans Affairs loan guarantee modernization effort.

The announcement drove a large increase in Better's stock price, but UWM, Rocket and Pennymac all saw any gains earlier in the day more than dissipate.

The deal benefits from three accounts–a Funding, Expense Reserve and Interest Reserve. The Funding Account will fund draws and purchase additional loans.

The government-sponsored enterprises' oversight chief severed ties with the AI firm following President Trump's dispute with it over boundaries on military use.

A US hedge fund is said to hold about £200 million ($268 million) of mortgage-backed facilities tied to the failed UK company and has declined comment.

The Supreme Court's decision seems to set limits on Pres. Trump's power, even if he wasn't inclined to hold on to the GSEs to control mortgage rates, BTIG said.

MBS numbers at both soared in January, when Trump directed the enterprises to accumulate more bonds, but a decline in loans shrunk Freddie's total number.

The company also revealed more about the impacts of its data breach, and said it doesn't consider the development likely to materially affect its results.

The fourth quarter results integrated the operations of both Redfin and Mr. Cooper into Rocket Cos., with the deals likely contributing to the full year loss.