MSR investors continue to offer strong bids for both low-coupon and current-coupon assets. Some MSR owners are also adjusting their risk tolerance as volatility in the financial markets has been constant during the Trump administration.

The boost in originations typically seen during the second quarter won’t materialize this year, according to the CEO of Rocket.

Typically, when interest rates decline, as they did for much of the first quarter, retention rates increase. That wasn’t the case this time.

Industry attorneys said the Second Circuit ruling for the second time in favor of federal preemption, in contrast to First and Ninth circuit rulings, increases the odds that SCOTUS will have to revisit the issue.

Canandaigua National Bank claims the Federal Reserve wrongfully rejected its application for offering cash-guarantee mortgages.

Federal bank regulators are looking to reduce the capital requirements that apply to mortgage servicing rights and to mortgages held in portfolio. A March proposal is seen as making mortgage lending and servicing somewhat more attractive for banks.

Carrington Mortgage is set to acquire Valon Mortgage, which primarily operates as a subservicer with a focus on Ginnie Mae loans.

FICO and VantageScore disagree on how lenders in a GSE pilot are using VantageScore. FICO’s CEO claims there are LTV ratio limitations and a haircut with VantageScore. VantageScore said that’s not the case.

Despite ending his long hiatus on GSE talk, Trump fails to persuade skeptics that he’s ready to take Fannie and Freddie out of conservatorship anytime soon.

High interest rates are prompting some lenders to reduce their guidance for returns on equity this year. Meanwhile, margins are holding firm at some big lenders.