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.

Acra, a top player in the non-qualified mortgage market, has a new CEO, Shawn Stone.

Many of the top five servicers had declines in either owned servicing or primary servicing during the second quarter of 2025. Much of the market share lost by the largest firms stayed within the top 25. (Includes three data tables.)

While delinquencies on loans in Ginnie MBS are much higher than for GSE mortgages, prices for Ginnie MSRs can rival those seen for GSE servicing, for some characteristics.

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