Rithm Leans on MSRs as Originations Dwindle, Sees 1Q23 as a Trough February 8, 2023 Brandon Ivey Income from the REIT's MSR portfolio helped to offset losses from originations...Read More
A Problem for Mortgage Servicers: Rising Costs February 8, 2023 Paul Muolo Albrecht cited “increased costs for technology and staff to handle dramatically higher regulatory demands from multiple states and the feds.”Read More
Wells Testing the Waters With Two MSR Offerings February 7, 2023 Paul Muolo A spokesman for Wells said he cannot “address speculation" regarding servicing sales...Read More
Servicing Saves the Day at PennyMac, Originations Off by Just 11.6% February 3, 2023 Paul Muolo PennyMac booked $82.6 million of gains on the portfolio in 4Q22 but most of that was offset by hedging losses. Read More
Nonbanks Keep Growing MSR Share, Delinquencies a Potential Concern February 2, 2023 John Bancroft Fun fact: Depository institutions outgrew nonbanks in the agency MSR market during the fourth quarter.Read More
Lakeview Dethrones Freedom Mortgage as the Largest GNMA Servicer February 1, 2023 Andras Malatinszky Among the top-10 GNMA servciers, just two are federally insured depositories: Wells Fargo and U.S. Bank.Read More
Reduced Opportunities in Ginnie EBOs January 30, 2023 Paul Muolo Aided by cheap money and ultra-low mortgage rates, Ginnie EBOs could pad quarterly earnings...Read More
A New Permanent CEO for Nation's Largest Subservicer January 30, 2023 Paul Muolo Daras worked for Cenlar from 1985 to 1990 before departing as CFO to join Dime Bancorp.Read More
IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply January 27, 2023 Brandon Ivey AmeriHome's John Hedlund said MSR supply could surpass demand...Read More
The MSR ‘Markup’ Gravy Train Is Over... January 26, 2023 Paul Muolo MorVest CEO David Fleig noted that servicing costs have "gone way up over the past year."Read More
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