What’s the rationale behind the Mr. Cooper-Flagstar deal?

If closed as expected, the acquisition of Flagstar Bank‘s servicing businesses has the potential to make the mortgage servicing rights (MSR) portfolios of Mr. Cooper Group reach the $1.56 trillion mark in unpaid principal balance (UPB), consolidating the company into the top mortgage servicer in the
Read MoreLower’s Craig Montgomery talks growth goals for mortgage originator mentorships

On a recent episode of the Power House podcast, HousingWire CEO Clayton Collins chatted with Craig Montgomery, chief strategy officer at Lower and former chief production officer at CrossCountry Mortgage. Collins and Montgomery discussed Lower’s plans for growth, its strategic partnerships and how i
Read MoreMRI Software throws its hat in the ring to purchase REcolorado

It appears the sun may not have completely set on the proposed sale of the shares of REcolorado owned by the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) to MAZL LLC.On Wednesday, MRI Software — the parent company of CTM eContracts, which serves
Read MoreNew home sales struggling to grow with higher rates

Will the Federal Reserve pivot in time to save construction workers? We have discussed this topic for some time now because, for the first time in a while, single-family permits are falling and 5-unit permits are already in recession. This is key because, traditionally, residential construction work
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