Home » Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions

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Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions

October 18, 2024

Brandon Ivey

Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.

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Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions

Latest Imf News

Primary MI Share Shifts Toward Government in 3Q

Ginnie Could Face Leadership Gap in Trump Transition

Smaller Nonbanks Largely Maintain Profitability in 3Q

Cherry Hill REIT Shifts to Internal Management, Ditching Middleman

Featured Data

GSE Earnings Resilient in a Tight Housing Market

Banks Generate Small 3Q24 Gains in Mortgage Banking

Refinance Loans Surge in October Agency Market

Refi Volume Spikes in Third Quarter, UWM Stands Out

Featured Reports

Top Mortgage Players: 2Q24 (PDF)

Mortgage Profitability Report 2Q24 (PDF)

Agency Channel Analysis: 3Q24 (PDF)

IMF Mortgage Directory: Full interactive database

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?