Rocket and Chase both reduced their portfolios of owned MSRs and primary servicing. United Wholesale Mortgage and Pennymac are also in the process of selling large chunks of servicing. (Includes three data tables.)

Current-coupon conventional MSRs are selling at a seven multiple. There’s speculation that prices will rise, especially if banks come back to the market. However, some analysts are suggesting that MSR investors and prices are on shaky ground.

The relative strength of the largest lenders’ and servicers’ liquidity and cash positions was a key talking point during their third-quarter earnings as the industry braces for rates to stay higher for longer.

Interest rates are down from a peak in mid-October but aren’t expected to get to a level where refis can flow. With plenty of home equity outstanding, production of home equity loans could continue rising.

The lawsuit argues that the bureau’s amendments to Regulation B upend years of regulatory implementation of the Equal Credit Opportunity Act. The CFPB defended its changes.

Critics say that the high level of the GSEs’ profits is the result of pricing based on inflated loss-risk assumptions.

The OIG said budget cuts and FHFA’s refusal to cooperate obstructed its investigations into the GSEs’ multifamily operations.

Most private mortgage insurers aren’t planning, for now, to set up different credit score minimums for VantageScore 4.0.

Rising mortgage costs have made renting a more affordable option for people struggling with increasing expenses.

The recent uptick in foreclosure activity is creating significant legal risks for the mortgage market, according to industry attorneys.