June 3, 2025

Servicing

Mortgage

Tariff fears drive April auto, mortgage borrowing

The anticipated impact of tariffs pushed consumers toward big-ticket items in April, but overall borrowing levels also show them becoming more discerning in light of political developments, according to Vantagescore. Researchers noted earlier this year the likelihood of a bump in certain types of purchases before the implementation of various tariff measures proposed by President

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Mortgage

What the Rocket-Mr. Cooper deal means for mortgage lenders

The agreed-to merger between Rocket and Mr. Cooper is the first large domino to fall in what is shaping up to be another year of consolidation. Mortgage lenders are still dealing with overcapacity, and in the fourth quarter, swung back to losses on production. On a pro forma basis, Monday’s deal would create an originator

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