One thought: Nonbanks will use the cash to purchase MSRs from federally insured depositories...

A big chunk of the nonbank gains came through secondary-market acquisitions.

On a pre-tax basis, PennyMac’s production segment generated $39.4 million in income in the fourth quarter, up 56.3% from the previous quarter.

“While pausing foreclosures for these men and women was a step in the right direction, our veterans and servicemembers need to be able to bring their mortgage current while VA works on its long-term solution,” said Sen. Jon Tester, D-MT, chair of the Senate Veterans Affairs Committee.

“There’s a big gap between what people are currently paying for insurance and probably what needs to be collected to cover damages,” said Dave Burt, CEO of DeltaTerra Capital.

The impairment rate on securitized non-QMs increased by more than 100 basis points between August and December.

FHA’s share of the primary mortgage insurance purchase business grew from 25.7% in 2022 to 32.1%.

United Wholesale Mortgage is offering a 100-basis-point pricing incentive for conventional rate/term refis.

A close reading of the Federal Open Market Committee’s statement Wednesday suggests that the Fed’s next move will likely be a cut, according to the MBA.

The commission structure for real estate agents is poised for a shakeup in the wake of the legal issue facing the National Association of Realtors.