MSR Sales Reshuffle Top GSE Servicer Rankings February 17, 2023 Dennis Hollier Tracking the movement of MSRs amid declining originations.Read More
A $1M Profit at Mr. Cooper as Lending Suffers but MSRs Buoy February 10, 2023 Paul Muolo Management shelled out $23 million during 4Q to cover severance payments to laid off workers and for property consolidation.Read More
Two Harbors Takes Loss in 4Q22 Amid Agency MBS Volatility February 9, 2023 Brandon Ivey The REIT invests in both agency MBS and mortgage servicing rights.Read More
Rithm Leans on MSRs as Originations Dwindle, Sees 1Q23 as a Trough February 8, 2023 Brandon Ivey Income from the REIT's MSR portfolio helped to offset losses from originations...Read More
A Problem for Mortgage Servicers: Rising Costs February 8, 2023 Paul Muolo Albrecht cited “increased costs for technology and staff to handle dramatically higher regulatory demands from multiple states and the feds.”Read More
Wells Testing the Waters With Two MSR Offerings February 7, 2023 Paul Muolo A spokesman for Wells said he cannot “address speculation" regarding servicing sales...Read More
Servicing Saves the Day at PennyMac, Originations Off by Just 11.6% February 3, 2023 Paul Muolo PennyMac booked $82.6 million of gains on the portfolio in 4Q22 but most of that was offset by hedging losses. Read More
Nonbanks Keep Growing MSR Share, Delinquencies a Potential Concern February 2, 2023 John Bancroft Fun fact: Depository institutions outgrew nonbanks in the agency MSR market during the fourth quarter.Read More
Lakeview Dethrones Freedom Mortgage as the Largest GNMA Servicer February 1, 2023 Andras Malatinszky Among the top-10 GNMA servciers, just two are federally insured depositories: Wells Fargo and U.S. Bank.Read More
Reduced Opportunities in Ginnie EBOs January 30, 2023 Paul Muolo Aided by cheap money and ultra-low mortgage rates, Ginnie EBOs could pad quarterly earnings...Read More
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