And let us now praise MSRs...

Another factor: the drop in repurchases appears to be driven by improvements in delinquency rates.

Among the top 10 funders, the declines were mostly brutal, ranging from a low of -21.1% to a high of -37.2%.

Freddie took in new business of $207.0 billion in the January-March period, down 23.6% sequentially...

Despite the good news on MSR valuations, Ocwen is getting squeezed on originations, just like every other mortgage banker.

The veteran mortgage advisor believes lenders should be instituting more layoffs.

Richard Horn, a former CFPB senior counsel, said the bureau has been “surprisingly quiet in terms of real actions.”

Is the worst of the mortgage rate increases over? Hard to say. Meanwhile, publicly traded nonbanks may be forced to curtail their dividend payments to common shareholders.

When it comes to mortgage gripes registered, Wells Fargo was a distant second with 386...

One notable: The firm assigned an asset value of 131 bps to its mortgage servicing portfolio for the first quarter compared to 112 bps in 4Q21.