The sale of mortgage franchises is picking up but there’s a headwind tied to valuations. Owners are holding out for top dollar.

The mortgage technology vendor hasn’t been profitable since its inception in 2012 and is forecasting losses going forward.

Nonbanks no longer have to pay all cash for servicing rights in the secondary market. Reason: Commercial banks have returned to the sector as financiers.

The industry mostly supports the SEC plan to update climate-related disclosures, but there are concerns about how the changes will play out.

While nonbanks ranking among the top-100 lenders boosted production by 3.2% in the first quarter, depository institutions posted a 7.9% drop. (Includes two data charts.)

One veteran warehouse executive could be headed to the front lines of the M&A battle. Meanwhile, the Juneteenth holiday scuttled loan closings, but was the damage all that bad?

Subservicing contracts continue to proliferate. The bad news? These vendors worry about an onslaught of COVID-related work and oversight. (Includes data chart.)

Fannie imposes a draconian 3% cap on NOO loans for some lenders to ensure it meets the 7% cap required under the PSPA. Freddie, already under the cap, puts its threshold at 6%.

Time to throw away the loss-mitigation toolbox in dealing with COVID-related delinquencies? Maybe not.

Though demand for purchase mortgages is increasing, it is nowhere near levels sufficient to make up for the decline in refi activity, say lenders.