Among Mr. Cooper’s other top executives, Vice Chairman and former President Christopher Marshall was paid $8.6 million in 2023.

Non-QM lenders appear to be faring a little better than their conventional and government brethren...

More M&A for Chris George's CMG Mortgage...

Better keeps losing a ton of money but continues selling millions of dollars in loans to Fannie Mae. The secret is in cash left in the cupboard.

Waiting for the Federal Reserve to cut interest rates is a bit like waiting for Godot. It seems as though a cut in rates may never come. Still, there is some improvement in volumes and margins in the non-QM sector.

These are trying times for most home lenders, thanks to a weak origination market. What to do? Keep trimming staff or tough it out? Meanwhile, some experts believe executives should start cutting their own pay.

Better's common shares trade for just $0.46 a unit...

“The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.

Meanwhile, the share of the safest mortgages — in terms of underwriting characteristics —  slipped to 11.26%...

Roughly 106,400 mortgage workers have been handed pink slips since business peaked in the spring of 2021...