Mike Carnes, a valuation specialist for MIAC Analytics, said he’s seen a “lot more financiers” of servicing rights arrive in the past year.

MBA’s forecast is that the Fed will make at most one more cut this cycle.

“These are great times for us to see what new opportunities are available,” said Ingrid Ripley, executive director of the single-family housing guaranteed loan program for the Rural Housing Service.

Rithm handled servicing with an unpaid principal balance of $844 billion as of the end of 2024.

Freedom plans to use proceeds from the offering for “general corporate purposes,” including repaying existing senior secured debt.

FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.

Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.

Ishbia pointed to borrowers who received mortgages between 2022 and 2024 as prime candidates for refis.

To its credit, the privately held Cenlar has made numerous moves to please the OCC.

Income jumped by 50% on a quarterly basis at PennyMac Financial Services in the fourth quarter.