Large mortgage companies are seeing flat income from originations and increasing income from servicing.

The homes backing the portfolio are located in Alabama, Georgia and Mississippi mostly.

Lakeview Loan Servicing has been the most active bulk buyer of Ginnie MSRs, with $87.67 billion in acquisitions since the first quarter of 2022.

Average loan amounts on mortgage applications are coming down as the share of first-time homebuyer applicants increases.

Some 0.29% of mortgages were in forbearance as of the end of October.

The big concern: MSR packages could flood the market in the coming months as struggling lenders look for cash.

BTIG is remaining “neutral” on the shares of nonbank servicer Ocwen...

FHA is seeking additional comments on its planned Payment Supplement Partial Claim program.

While many smaller nonbank mortgage companies struggled during the third quarter, a group of 15 public nonbanks increased their earnings by more than 20% on a sequential basis.

It was originally thought that publicity generated by the consent order would cause at least some of Cenlar’s subservicing clients to switch vendors. But so far, that hasn’t happened.