Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.

Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.

Originations increased by 12% at Flagstar in the third quarter.

Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.

FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.

More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.

The bad news: FHA delinquencies jumped to 8.76%...

CMG’s scorecard looks like this: 394 retail branches today compared to 241 a year ago.

Volume up, margins down.

The total delinquency rate on mortgages in agency MBS stood at 2.83% as of the end of September, up from 2.60% at the end of June.