One thought: Nonbanks will use the cash to purchase MSRs from federally insured depositories...

A big chunk of the nonbank gains came through secondary-market acquisitions.

On a pre-tax basis, PennyMac’s production segment generated $39.4 million in income in the fourth quarter, up 56.3% from the previous quarter.

The impairment rate on securitized non-QMs increased by more than 100 basis points between August and December.

Incenter is marketing a sale of GSE MSRs with a total unpaid principal balance of $15.06 billion.

The GSE servicing share among large independent mortgage banks went from 36.6% at the end of September 2023 to 36.9% at year-end.

The bank's gain-on-sale margin fell from 59 basis points in the third quarter of 2023 to 32 bps in the fourth quarter.

Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.

The production chief Two Harbors hired was not identified by name...

“If you look at some of the big names, the common thread is always a phishing email that someone clicked on,” said Freddy Feliz, chief information officer and vice president of information technology at the Mortgage Bankers Association.