Short Takes: A Larger LOC for Rocket / Mortgage Bankers Shed Workers / Lower CEO Comp for Garg / Who Owns Treasuries? / Available: $5B in MSRs May 5, 2025 Paul Muolo Mortgage brokerage shops, on the other hand, added 300 full-timers...Read More
Mr. Cooper Sees Room for Growth With Subservicing April 24, 2025 Brandon Ivey Mr. Cooper's subservicing declined during the first quarter of 2025 as some customers left following Mr. Cooper's acquisition of Flagstar Bank.Read More
Short Takes: Sales of New Homes Increase / No Questions for Mr. Cooper / Loss on Sale to A&D / Hsieh’s Monthly Expense Reimbursement April 24, 2025 Brandon Ivey Sales of new homes increased on both monthly and annual bases in March.Read More
Short Takes: April 29 / Mortgage Off-Shoring and Tariffs? / MSRs for Sale / An Extension for loanDepot / Northpointe’s New Warehouse Chief April 21, 2025 Shannon Clark and Paul Muolo Investor interest in MSRs remains strong, very strong.Read More
Company Owners Consider Leaving Business April 16, 2025 Paul Muolo “They’re making money, but they just don’t know how much longer they can hang on,” said Mark Garland, managing director of SitusAMC.Read More
Servicing Sales Decline by Almost 43% in 1Q25 April 14, 2025 John Bancroft Onslow Bay Financial, a subsidiary of Annaly, was the biggest buyer of MSRs in the first three months of 2025.Read More
JPM Pays Up for Mortgage Servicing Rights April 14, 2025 Paul Muolo The coupon on the heavily California portfolio is 3.13%.Read More
Chase Leads the Bid in a Frothy MSR Market April 10, 2025 Paul Muolo JPMorgan Chase recently paid 6.5-times the servicing fee for a package of low-coupon mortgage servicing rights.Read More
Short Takes: Mortgage Locks Increase in March / Silver Lining in Stock Losses / UWM Using Google AI Tools / Insurance Company Acquisition April 8, 2025 Brandon Ivey Locks for mortgages increased by 17.1% on a monthly basis in March.Read More
Onity (Ocwen) Considering Its Options? April 7, 2025 Paul Muolo At yearend, the West Palm Beach-based Onity owned $130.6 billion of MSRs.Read More
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