Lending remained unprofitable for the nonbank in the second quarter.

Ocwen's income received a $28 million boost from “favorable adjustments to significant legal and regulatory settlement expenses.”

The real estate investment trust expects to benefit from higher capital requirements for large banks.

Two Harbors recovered after a large loss in the first quarter.

The House is seeking lower funding levels for HUD and a September deadline is fast approaching.

The uptick was more pronounced for FHA mortgages.

HUD noted that over the years many lenders have moved away from a model of local origination and servicing offices to more centralized operations.

The OCC entered into a consent order with Cenlar in 2021.

The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.

PennyMac was the largest mortgage lender in the first quarter of 2023, though the nonbank posted a loss from its production segment at the time.