The parent company of CrossCountry Mortgage priced a $600.0 million debt offering that was upsized due to investor demand.

Volume dropped for Newrez in the third quarter but was up overall, and up significantly at Select Portfolio Servicing.

“I would characterize trades these days as being more strategic than necessary,” said Nick Letica, chief investment officer at Two Harbors Investment.

Production and sales revenue lifted mortgage-banking income at a number of banks in the third quarter.

Servicers find new opportunities to leverage AI in the call center in a play to reach more younger borrowers.

The nonbank took an $8.7 million loss in the third quarter compared with a $25.3 million loss the previous quarter.

The nonbank is poised to begin servicing new originations in the first quarter of 2026. And outstanding volume will shift from subservicers during the year.

“I’ve just guided that no matter what, I’m going to have the best quarter we’ve had in 4 years,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage. “Maybe you guys will recognize that and realize that we’re dominating out here.”

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.