At March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.

Ocwen received an exceptionally strong bid for some of its MSRs and opted to sell.

On an annual basis, mortgage applications were down 9.2%.

“We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.

More M&A for Chris George's CMG Mortgage...

Borrowers who received a loan from a merged company paid 9 basis points more, on average, than those who went with separate real estate agencies and lenders, according to a new study.

“The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.

Rocket plans to offer its AI platform to other companies later this year.

FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.

The delinquency rate on the conventional loans is 5.23%.