Mortgage REIT Two Harbors hopes to save a ton of money by servicing its $215 billion-plus MSR portfolio in house. It also wants to be a major player in the subservicing arena and is building an origination platform to protect against a refi wave.

Not every mortgage company can issue unsecured notes at a decent price, but a handful of larger shops can, especially if they own a ton of servicing rights.

Three-plus weeks into the new year, a handful of large servicing deals are afoot. Arvest Bank is an active seller and Wells Fargo is contemplating its options as well.

Banks, nonbanks and consumer advocates have major concerns about a proposal to adjust capital requirements for large banks. The proposal would touch on mortgage lending, MSRs and warehouse lending.

Servicing values slipped in the fourth quarter, a victim of lower interest rates from mid-October to yearend. Hedging helped, but weaker escrow values played a role as well.

The lender said it is working with forensic experts and law enforcement to address the cybersecurity incident.

Ginnie Mae remained the fastest-growing sector of the agency servicing market in the fourth quarter, while Fannie Mae posted a small decline. (Includes two data tables.)

A cyberattack this week forced loanDepot’s servicing portal to go offline and its online loan applications process to stop working.

It’s a new year and MSR sales are already beginning to heat up. But who will the most active buyers be in 2024? Count on Mr. Cooper, JPMorgan and private-equity-backed investors.

The Supreme Court will hear a case on whether national banks are required to follow state requirements to pay interest on funds in mortgage escrow accounts. A ruling in favor of national banks could lead to an unlevel playing field, according to state regulators.