In 3Q19, PennyMac Financial Services, the nation’s fifth largest home lender, earned a record $121.9 million.

Genworth’s sale to China Oceanwide Holdings is still pending. The deal was struck back in 2016. So what’s the hold up? The short answer: Selling anything to China is complicated these days...

The combined portfolio of the top five servicers actually declined slightly during the third quarter. Megabanks Wells Fargo, Chase and Bank of America shed a combined $26.8 billion during the third quarter, with $20.0 billion of that taking place at Wells. Mr. Cooper Group, the largest nonbank servicer, reported a slight $2.5 billion drop, although its subservicing portfolio grew 2.8% to $310.5 billion.

MP Thrift, which is controlled by MatlinPatterson, completed a slightly larger sale of Flagstar’s shares last year...

It was the second quarter in a row that Freddie Mac was allowed to keep all of the money it earned as opposed to upstreaming retained capital in excess of $3.0 billion to the U.S. Treasury, the owner of its senior preferred shares.

Citadel has not securitized non-QM loans, opting instead for whole loan sales. But with a new owner, all that could change...

Meanwhile, depository institutions shrank their Ginnie MSR by 1.9% during the third quarter.

“Despite the interest rate volatility during the quarter, our hedging strategy and portfolio performance resulted in a slight increase to our book value quarter over quarter,” said company CEO Michael Nierenberg. “In the third quarter 2019, origination volume tripled and servicing volume doubled relative to the same period last year.”

The Freddie Mac single-family servicing market grew roughly three times as fast as the Fannie Mae market during the third quarter, according to a new Inside the GSEs analysis.

Banks began reporting third quarter results and, as might be expected, negative servicing marks were quite noticeable.