In the smoke and dust of a production collapse is the best time to be a buyer of other shops. That’s the philosophy of CMG Mortgage, now a top-20-ranked lender that should continue to climb in the league tables.

What are nonbanks getting for their servicing rights in the secondary market and how much of a right does Fannie Mae have to that information? Hard to say, but some factions of the industry are bristling at inquiries from the GSE.

With interest rates continuing to head north, servicing-related assets are becoming more valuable in a parched origination landscape. SLS, a large servicer, will have a new parent and other deals may be in the works.

MSR prices, especially for conventional low-coupon product, have firmed up nicely. Some large holders are cashing in. But others are choosing to live off processing income until originations snap back.

Tighter margins and a seasonal slowdown in home buying are prompting lenders to consider an exit in the coming months.

Spring EQ founder and CEO Jerry Schiano will continue to lead the firm alongside the company’s current management team.

ICE-Black Knight consummate merger; AmeriFirst files for bankruptcy; Integro Bank forays into mortgages; rate hikes could be finished.

Peter Boomer, a former PNC Bank executive, joins Guaranteed Rate as executive vice president.

The great mortgage origination correction of 2023 hasn’t resulted in a whole lot of company franchises changing hands. But there’s been a ton of MSR sales and some branch networks finding new owners.