Locks for refis plummeted in November following a rise in interest rates.

Among the top five subservicers, the steepest descent in year-over-year business was registered at Dovenmuehle.

While layoffs aren’t increasing, new entrants and individuals who lose jobs are having a more difficult time regaining employment.

“Companies with stronger franchises and ample levels of capital continue to sacrifice some profitability to increase market share, keeping pressure on weaker competitors,” according to Moody’s Ratings.

UWM's debt offering priced with an interest rate of 6.625%.

If the $400 million unsecured debt offering is successful, might other nonbanks follow in its wake?

Banks and thrifts serviced $3.023 trillion of mortgages for other investors as of the end of September.

A bill with bipartisan support to ban trigger leads tied to mortgage applications was removed from a defense spending package.

Onity received $49.5 million for the sale.

Some nonbanks are placing exceptionally high bids for MSR, counting on being able to recapture a high number of borrowers with refinances when interest rates decline.