Situs Managing Director Mark Garland said the MSR sale market is beginning to thaw a bit after being slowed by declining interest rates.

As for who bought the roughly $30.0 billion, that’s a different matter. Wells declined to provide any color on the situation.

The results suggest that once combined, the resulting institution – dubbed Truist Bank – will be a formidable competitor, close to cracking the top ten.

At press time, the yield on the benchmark 10-year Treasury was at 2.13%, continuing its march northward. Is the rate rally over?

According to figures compiled by Inside Mortgage Finance, the Santa Ana, CA-based Stearns ranked 21st among all home originators in the first quarter, while Finance of America, Horsham, PA, ranked 30th. Combined, the two would’ve been 15th...

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter...

Meanwhile, whatever happened to all that chatter about Amazon.com buying loanDepot?

The privately held Stearns originated $4.5 billion of home mortgages during the second quarter, a 45% sequential gain…

The Chapter 11 bankruptcy petition provides a way for Stearns to eliminate the debt while selling the balance of the firm to Blackstone. But there’s a catch: the bankruptcy plan allows for third-party investors to make a bid for Stearns.

Production executives and the teams they manage are making hay while the sun shines. Top ranked nonbank originators such as loanDepot, United Wholesale Mortgage and Guaranteed Rate are all hiring as the applications pour in.