PennyMac's income fell by 17% on a sequential basis in the first quarter, originations declined by 3.5% while the nonbank's servicing portfolio grew by 5.2%.

Personnel expenses at Impac increased 12.8% to $14.9 million...

Among those looking to buy: private-equity firms...

The shift is tied to GSE PSPA amendments, which came in January...

Powell didn’t mince words: "You see activities that had once been principally the province of banks moving into the nonbank sector."

MFA already owned a minority stake in Lima One.

One bit of positive news: the company marked up the asset value of its MSRs by a stunning $1.44 billion to $4.31 billion, a 50.3% sequential improvement.

More gas left in the MBS tank? Certainly looks that way...

In early April, New Residential agreed to buy competitor Caliber Home Loans for roughly $1.68 billion.

A diverse group of 21 commercial banks and savings institutions reported $3.75 billion of mortgage-banking income for 1Q21, a 1.7% improvement from the fourth quarter.