Some of Cenlar’s subservicing clients are eyeing a switch. But when it comes to securities holders whose assets are being serviced by the vendor, so far, there isn’t much to worry about.

Depository institutions increased their agency mortgage servicing rights by just 0.4% during the final three months of the year.

As might be expected, all of those unloading product are believed to be nonbanks.

"It was a barbell type of year,” said MIAC's Brendan Teeley...

The last day a broker can close a loan with GR is Feb. 28.

Eager to tap a red-hot servicing market, nonbank mortgage shops are sidling up to the sales trough. How long might the bonanza last? Maybe all year.

It should be a banner year for mergers and acquisitions in the residential finance space. Already, two deals have been announced, with more likely to follow.

The recommendations from a coalition of lenders, led by the Mortgage Bankers Association, were oriented largely at reducing the burden of data collection by allowing loans to be screened out of the process more easily.

The housing community continues to search for signs of negotiations on the Build Back Better agenda, but whether the legislation will pass or how much housing funding will remain in the final version of the bill is anybody’s guess.

loanDepot’s founder is busy buying luxury homes these days. In a few weeks we’ll know how well the company did in the fourth quarter. Meanwhile, non-agency MBS production remains brisk.