Net income at Mr. Cooper was aided in a major way by a $285 million recovery tied to deferred tax assets. Meanwhile, on the origination front, the company funded $12.6 billion in product during 4Q19, up 5.8% from 3Q19.

Non-agency jumbos accounted for 17.4% of originations in 2019, up slightly from a 17.2% share the year prior...

REITs covet entry into the system because FHLB members are allowed to borrow via low cost advances...

Some players in the market hoped that once the QM patch expired a significant amount of originations would shift from the GSEs to the non-agency market. But those hopes are fading...

It was standing room only on Sunday at a panel discussion on the basics of securitizing mortgage servicing rights.

For the full year, production soared by 42.7% to $216.8 billion, also a record. The driver: Strong refinance volume driven by low interest rates.

The FHFA in September increased the cap on Fannie’s and Freddie’s multifamily lending to $100 billion each through the end of 2020, with at least 37.5% of their business earmarked for affordable housing.

As one servicing broker put it: “It’s brutal. No other way to say it…”

In general, lenders and issuers are anticipating another strong year for originations but less than the $2.375 trillion the industry funded in 2019.