By the end of 2026, the bulk of United Wholesale Mortgage’s servicing will be handled internally, according to CEO and Chairman Mat Ishbia. The nonbank still plans to use subservicers for certain loans.

Sales of MSRs in 2026 could match activity seen in 2025, according to projections by industry participants.

Sellers are looking to sell mortgage servicing rights before yearend, but at their price, not the buyer’s price.

Demand for MSRs among investors remains steady even as declining interest rates lead to lower valuations for the assets. The supply of MSR for sale could also increase as lenders originate more mortgages.

Tiptree is selling Reliance First Capital to Carrington, and other M&A deals are in the works.

Fifth Third believes mortgages are key to establishing long-term customer relationships that include multiple financial services.

Annaly Capital Management is buying a portfolio of lower-coupon MSRs from Pennymac, and also tapping Pennymac as subservicer of the portfolio.

CA-based CMG Mortgage CEO and owner Chris George now owns a federally insured depository in Wisconsin. He’s putting an emphasis on hometown service and expanded mortgage offerings.

Larger credit unions are increasingly acquiring community banks and reducing mortgage lending in local communities, according to the Independent Community Bankers of America.

M&A activity is picking up a head of steam but the market is waiting on more mega deals. As consulting veteran David Lykken put it: The atmosphere is “both exciting and scary.”