Low interest rates are great for lenders but servicers are having a tough time of it, especially shops looking to unload product. One dealmaker is advising clients to sell MSRs now before they “vaporize.”

The future looks particularly bright these days for non-qualified-mortgage shops looking to sell or go public. One lender that can take down the for-sale sign is Citadel Servicing Corp.

Wells Fargo will soon have a new mortgage chief: Michael Weinbach, who comes over from JPMorgan Chase. His mission: to control the megabank’s mortgage message.

The mortgage delinquency rate hit a record low at the end of last year, helped by a strong economy. There were a few signs of performance issues, including an uptick in certain delinquency types and foreclosure starts.

Miami withdrew mortgage-related lawsuits against BofA, Citi, Chase and Wells. Another lawsuit against Wells was certified as class action.

Low interest rates are holding back buyers of MSRs but don’t tell that to New Residential Investment Corp. The REIT keeps acquiring bulk servicing portfolios.

Nonbanks might need to come up with additional cash to hold against their MSR positions if the FHFA gets its way. A game changer? Probably not.

With mortgage performance expected to remain steady, servicers are focusing on a number of other issues, including the transition away from LIBOR and an increase in natural disasters.

Big gains by Mr. Cooper and NewRez boosted the combined portfolio of the top five servicers, offsetting further declines at Wells Fargo, Chase and Bank of America. (Includes two data charts.)

Nonbanks are on pace to surpass depository institutions as the largest class of agency servicers sometime early this year. (Includes two data charts.)