Secondary

The $1.15 billion agreement earmarked for general corporate purposes can increase to $2.25 billion pending the lender's acquisition of Mr. Cooper.

The company took a break from securitization during the first quarter but was able to get a deal done shortly after the fiscal period ended.

Even though Motto Mortgage has 8% fewer open offices than a year ago, executives touted franchise renewals with owners committing to another seven years.

The company reported a profitable first quarter and called for loosened regulation to bring more private capital into home finance in its latest earnings call.

ICE Mortgage Technology also added 20 new Encompass clients in the first quarter, but the unit still had an operating loss for the period, its 10th in a row.

A government-sponsored enterprise executive shared his take on the financial implications of Federal Housing Finance Agency Director Bill Pulte's initiatives.

Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said.

The move builds out a fee-based resolution for certain loan flaws piloted in 2024, which was set for a full 2025 rollout prior to changes in federal leadership.

The company maintained its guidance for the year as the bottom line returned to the black in the first quarter, officials reported in an earnings call.

A $24 million single-family provision for credit losses linked to economic uncertainty and changes in actual and forecast home prices weighed down results.