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Mr. Cooper Has a New Foster Parent; Why LO's Should Care About the Budget

Posted To: Pipeline Press

Every lender has seen rates move higher, and nearly every lender has seen the inventory of homes for sale decline. With rates moving higher, which should not be a big surprise to anyone, the press has latched on to the question of the impact of 5% mortgages on the industry . With the economy doing well, and unemployment very low, we’ll have more borrowers qualify – but will the prequals merely stack up given the lack of places for sale? Mergers and Acquisitions It’s a rough environment out there, lenders, large or small, are looking for solutions and ways to survive, and entire company shifts shouldn’t surprise anyone, especially Mr. Cooper. The latest biggest example of this is Nationstar (NSM) announcing that it is entering into a merger agreement with WMIH Corp (…(read more)

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