In a surprising turn of events, the mortgage industry saw a decline in rates during the third quarter of 2024, leading to Mr. Cooper Group experiencing a significant increase in gains within the origination business. However, executives within the company are tempering their expectations for the upcoming quarter, anticipating that the same level of performance may not be replicated moving forward.
Key points to note from this development include:
– Decline in mortgage rates during the third quarter of 2024
– Mr. Cooper Group experiencing a doubling of gains in originations
– Executives within the company expressing caution about future performance
– Anticipation that upcoming quarter may not see the same level of success
You can read this full article at: https://www.housingwire.com/articles/mr-cooper-profits-down-even-as-lower-rates-boosted-origination-business/(subscription required)
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