Economists at Fannie Mae and the MBA differ on how low interest rates on mortgages will go next year. Fannie is also more optimistic about the outlook for unemployment.

There’s nothing like falling interest rates to nudge a mortgage company to sell MSR. But what if rates decline more than anticipated?

loanDepot’s common now trades for almost $5.00 a share after being close to $1.00 for much of the year. Theories for the shift include factors specific to the company or signs that the industry is turning the corner.

Many efforts started during the Biden administration won’t move forward. But servicing reforms are still in the works at the CFPB. And the bureau is considering major changes to LO comp.

Subservicing balances continue to grow, but the sector is facing challenges. One of the biggest: UWM is becoming a servicer, not a customer. (Includes data table.)

The total delinquency rate among large servicers increased by 11 basis points during the second quarter of 2025. The reading was down compared with June 2024, though delinquencies look poised for further increases. (Includes two data tables.)

Nonbank mortgage companies continue to complete debt sales, especially firms that have mortgage servicing rights to leverage.

High MSR prices are prompting some potential buyers to sit out. Prices are being propped up by limited supply and declining servicing costs as big firms invest in technology.

Selling mortgage servicing rights attached to healthcare and multifamily loans is a rare event.

Merger discussions between Rocket Companies and Mr. Cooper Group started in October 2024. The transaction was announced in March only after Rocket made several revisions to its initial offer.