When it comes to MSR sales, UWM is a frequent user, but in the first half of 2024 the company exceeded expectations. For now, its model is: Originate MSR, then sell them.

Mr. Cooper, which has been tapping the unsecured paper market since 2020, has done it again — this time at a relatively cheap rate of 6.5%.

The second quarter offered a “shockingly flat” environment for the asset value of mortgage servicing rights. But with interest rates beginning to creep lower, the third quarter could be a different story.

Two publicly-traded mortgage companies recently completed reverse stock splits and a third split is in the works.

Heavy bulk MSR sales volume helped several top nonbanks grow their agency servicing portfolios in the second quarter. Most of the top banks watched their agency servicing decline. (Includes two data tables.)

The rule would require mortgage servicers to only pursue foreclosure as a last resort and increase disclosure requirements. Loss-mitigation application requirements would also be streamlined.

Federal regulators are working on a re-proposal of a rule that would adjust capital requirements for large banks.

While forbearance options helped many homeowners avoid foreclosure during the pandemic, alignment between programs could help.

There’s more demand for mortgage servicing rights than there is supply at the moment, helping to keep prices for the assets elevated. Even if MSR sales increase this year, prices are expected to remain firm.

The CFPB has permanently banned three companies from servicing reverse mortgages. Separately, the bureau issued a proposed order against Freedom Mortgage for repeated submissions of faulty HMDA data.