UWM presently uses two subservicing vendors to handle its monthly processing chores: Cenlar FSB and Mr. Cooper, the latter of which is being sold to Rocket.

Property tax and insurance costs now account for more than 20% of a mortgage payment.

The data the Federal Reserve relies on shows a slowing economy but also increased risk of inflation.

There was also a slight year-over-year decline in Fannie servicing.

Fannie's previous forecast was released just prior to changes in tariff policies.

The REIT also had a $98.8 million loss during the quarter on interest rate swap and swaption agreements, which are used for hedging.

Home prices increased by 0.1% on a monthly basis in February.

Incenter, like every advisory firm, sees a bull market for MSR sales.

Much of the swing was tied to a decline in the value of mortgage servicing rights.

PrimeLending took an $8.3 million pre-tax loss in the first quarter of 2025.