Thanks to rising interest rates, the book value of mortgage servicing rights increased in the first quarter. Could more sales be on the way?

When interest rates rise, so do the value of mortgage servicing rights.

In a new filing with the SEC, Walter Investment said it discovered that its new reverse subsidiary had failed to record certain servicing errors.

Thanks to rising home values and lower delinquencies, investors are gobbling up subprime MBS, causing prices to rise.

Don't put too much stock in the new government figures on mortgage hiring. Some firms are cutting back like Pacific Union Financial.

The MSR sales machine is cranking up at MountainView.

Cole Taylor Mortgage is getting serious about the servicing business. It purchased a portfolio from Liberty Savings and plans to start its own in-house platform.

Ellington Management under new mortgage chief Steve Abreu may go on a purchase tear, rolling up companies.

It looks like a sweet deal for Nationstar: Merrill Lynch helps sell its unsecured debt and then off loads some of its legacy MSRs to the nonbank.

According to industry sources, the FHA recently sent out administrative letters to a handful of residential lenders. Meanwhile, yet another new subprime originator has emerged.