“The CDFI Fund is a targeted, accountable and impactful program that enables private capital to do more for more Americans,” industry trade groups wrote.

Officials at Rocket suggested that the combined companies could greatly reduce costs for homebuyers.

Rate bought Advocus — then known as Attorneys’ Title Guaranty Fund — in April 2022 for an undisclosed sum.

The rebrand included an ad during the Super Bowl.

The rescinded AFFH rule had set fair housing obligations for certain recipients of HUD funding.

At yearend, UWM owned roughly $229.5 billion of MSRs.

Some have suggested that WaFd may be for sale and closed its mortgage unit in an effort to simplify its balance sheet.

Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.

“It was an ‘AcquiHire’ type scenario,” said Rick Roque, an industry consultant who also holds the title of head of growth at NFM Lending.

Trump is widely expected to replace Rohit Chopra at the CFPB, but that hasn't happened yet.