After working for more than two years toward a spinoff of Newrez, Rithm Capital paused the effort and will invest in the mortgage unit.

U.S. Bank sells mortgages originated by Union Bank; tariffs and interest rates; Mr. Cooper starts MSR fund; Congress plans to address housing.

Lakeview Loan Servicing remained the top agency servicer at midyear, including the largest portfolio of high-coupon MSR. Nonbanks continued to gain market share, as did Ginnie Mae. (Includes two data tables.)

Flood of mortgage servicing sales are impacting performance; mortgage bankers and brokers aren’t hiring much these days, if at all.

The One Big Beautiful Bill included a plethora of tax breaks for individuals and businesses. The bill also sharply reduced the CFPB’s budget.

There was little fluctuation in MSR values on a quarterly basis as of the end of June, according to an early look at MSR marks.

Whole-company M&A deals are becoming more prevalent, but if the Federal Reserve suddenly cuts rates, the outlook could change.

A new servicing exchange has been launched by a subservicer that just so happens to be owned by one of the nation’s largest title companies.

Servicing outstanding increased by 2.8% on an annual basis as of the end of the first quarter of 2025. The largest gains in servicing during that time were seen at Ginnie Mae, whole loans at non-depository institutions and non-agency mortgage-backed securities. (Includes two data tables.)

Wells Fargo has the freedom to increase activity in various financial products now that the bank is out from under an asset cap. And officials at the bank have plenty of plans for growth, but not with mortgages.