Riverbend Funding originated more than $1.0 billion of bridge loans over the past 12 months...

And let us now praise MSRs...

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

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.

Saluda Grade has issued a handful of other non-agency MBS backed by second liens...