Mr. Cooper announces layoffs following merger; KBRA believes UWM and Two Harbors deal will be strategically favorable; Investor increasing land purchases for areas impacted by California wildfires; Flushing Financial to merge with OceanFirst Financial.

The addition of InstaMortgage will give reAlpha direct mortgage lending capabilities.

Two Harbors held MSRs with a total unpaid principal balance of $175.82 billion as of the end of September.

Housing Trust Fund allocations for 2026 were just announced, months behind the usual timeline.

Originations aren’t growing very much, putting pressure on MSR owners.

The Guild acquisition was valued at approximately $1.3 billion.

Onity is selling reverse-mortgage MSRs to Finance of America Reverse and ending production of the loans.

“I’ve just guided that no matter what, I’m going to have the best quarter we’ve had in 4 years,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage. “Maybe you guys will recognize that and realize that we’re dominating out here.”

Gain-on-sale margins and a strong recapture rate helped boost Guild earnings in the third quarter. 

Carrington has acquired Reliance First Capital from Tiptree in a move to bolster its retail lending channel.