Good news/bad news: Spanish bank Santander is staying in America — but it’s exiting mortgage finance.

Efforts to shore up its workforce face challenges ranging from a high number of retirement-eligible employees to budget uncertainties and competition for talent from both industry and other housing agencies.

An analyst with Keefe, Bruyette & Woods says a buyer might find the company’s mortgage servicing and technology segments of value.

The agreement restricts broker partners from sending loans or applications to Rocket Mortgage and Fairway Independent Mortgage. The California-based broker said the provision is illegal and anticompetitive.

The lower pricing means MBS deals can still get done, but non-QM originators will be forced to raise their rates to make the numbers work.

But the trades groups also believe implementation and development of new guidance should not be rushed.

Sellers of mortgage servicing rights are striking while the iron is hot.

Might we see a 5% conventional mortgage by yearend?

Three of the top five government issuers in January managed to post gains...

NRIC ended the year with an MSR portfolio sized at $483.0 billion, up 1.5% quarter over quarter.