Gain-on-sale margins and a strong recapture rate helped boost Guild earnings in the third quarter. 

The subservicing for Rithm accounts for 10% of total servicing volume at Onity's PHH unit.

Servicer removals tied to FHA delinquencies and foreclosures increased 31.0% from the second quarter.

Most servicemembers mistakenly think VA loans require a downpayment.

Rocket Mortgage, thanks to its acquisition of Mr. Cooper Group, which was completed at the beginning of October, is poised to overtake Chase as the largest firm in terms of owned servicing.

Much of the swing was tied to increases in salaries, commissions and team member benefits along with general and administrative expenses.

“We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales,” FHFA Director and Fannie Mae Chair Bill Pulte said of the GSE.

The total delinquency rate on FHA loans in Ginnie MBS hit 10.90% at the end of September, up 51 bps from the end of June.

The Mortgage Bankers Association is projecting a 25-bp rate cut by the Fed in December and another in the first quarter of 2026.

The lender's gain-on-sale margin declined from 1.22% in the second quarter to 1.14% in the third quarter.