Early reporters of fourth-quarter results are giving the mortgage industry a glimpse of what’s to come for everyone else: weak or negative origination growth. Message: The party can’t last forever.

Hunting for new sources of revenue, several regional banks are planning to offer credit lines to nonbank mortgage shops. The collateral: MSRs.

Fannie Mae failed to implement new NPL reporting requirements in 2018, as required by its regulator.

Many of the top nonbank servicers recorded strong increases in their agency servicing rights, through both organic production and bulk MSR purchases in the secondary market. (Includes two data charts.)

Eager to tap a red-hot servicing market, nonbank mortgage shops are sidling up to the sales trough. How long might the bonanza last? Maybe all year.

Servicers aren’t rushing to complete foreclosures as borrowers reach the end of their forbearance plans. The CFPB has a close eye on mortgage shops, prompting caution among industry participants.

Most of the growth in the single-family servicing market during the third quarter came from agency secondary market operations, with nonbanks playing a big role. (Includes two data charts.)

What will separate the men from the boys and the women from the girls in 2022? Purchase-lending and non-QMs. At least that’s what some executives we spoke to believe.

Beginning in April, credit unions will be able to buy and sell MSRs among themselves. The sector currently holds servicing tied to more than $460 billion of unpaid principal balance.

The servicing sales market continues to burn white hot, thanks to pent up demand. Next stop: 2022. Bring your checkbook.