On Tuesday, Mr. Cooper, the nonbank formerly known as Nationstar Mortgage, officially confirmed that the company finalized its acquisition of Pacific Union Financial, a development that HousingWire first reported on Monday. What wasn’t known at the time or disclosed in Mr. Cooper’s announcement about the deal is how much Mr. Cooper is paying to buy Pacific Union, but an SEC filing reveals the financial details of the deal.

Mr. Cooper, the nonbank formerly known as Nationstar Mortgage, has now finalized its acquisition of Pacific Union Financial, a deal that was first reported by HousingWire in November. At the time, Mr. Cooper said that it planned on closing on the Pacific Union acquisition in “early 2019.” HousingWire can now report that the acquisition has been finalized.

Tuesday was a big day for fintech companies. In addition to the Department of the Treasury rolling out a series of proposals that could alter the playing field for fintech companies, the Office of the Comptroller of the Currency also announced Tuesday that it will begin offering bank charters to nonbank fintech companies.

By 2025, it is predicted that there will be 5.2 million more homeowners. And of this number, people born in the 80s and 90s, also known as Millennials, are expected to dominate the home-buying market. So what does the mortgage industry need to do to meet the upcoming demand? A recent HousingWire webinar asked three experts to talk about what the future looks like for the industry.

After roughly a year to get finalized, SoFi officially received its license to lend in New York, which is one of the most difficult states to acquire a license in, Michael Tannenbaum, SoFi’s chief revenue officer, said in an interview. And now with New York under it's belt, Tannenbaum touches on a strong mortgage future ahead for SoFi.

loanDepot made a lot of moves in 2015 to reach its goal of becoming the No. 1 nonbank consumer lender. While the company said it hasn’t passed Quicken Loans for the top spot, here's where it stands going into this year.

A new study released by the American Enterprise Institute’s International Center on Housing Risk found that the seismic shift in home purchase loan originations away from large banks to nonbanks continued in February, and the mortgage risk is increasing.