The termination fee on the NRIC-Caliber deal: $25 million.

What some may have forgotten: Last fall, NRIC submitted a confidential S-1 on its mortgage banking affiliate NewRez but the IPO never came off...

Missing from these calculations are two recent attempts by Caliber Home Loans to sell product — large offerings that were later yanked as the nonbank negotiated its sale to New Residential Investment Corp.

According to figures compiled by Inside Mortgage Finance, Better – which is just five years old – ranks 36^th among all home originators.

Owned by Lone Star Funds, Caliber late last fall filed to go public but the IPO has been on hold for undisclosed reasons. Meanwhile, NRIC also said this morning that its previously announced IPO of NewRez will proceed.

Private-equity firms aren't known for holding their mortgage investments forever...

Almost two decades ago, General Electric spun off several of its insurance-related businesses (including mortgage insurance) into a new unit, creating Genworth.

The seller is described as a bank-owned mortgage company, one with “very experienced leadership that is well-versed in servicing transfers.”

When it comes to Ginnie EBOs, sales are done both servicing-retained and servicing-released.

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…