Some mortgage executives might be too optimistic about the prospects for originations growth following an interest rate cut later this year.

So, you’re a nonbank and you want to purchase a federally insured depository? Have your CEO do it. And be patient.

The servicing sales market has slowed this summer, but there are rumblings of activity. Freedom Mortgage, for instance, is peeling off a piece of its conventional portfolio. And a sale of SPS is in the works.

The servicing acquisition from Flagstar puts Mr. Cooper’s pro forma portfolio at the end of June at about 31% higher.

When it comes to MSR sales, UWM is a frequent user, but in the first half of 2024 the company exceeded expectations. For now, its model is: Originate MSR, then sell them.

SoFi expects to see further growth in its share of mortgage originations due to the acquisition of Wyndham Capital Mortgage, which provided SoFi with mortgage fulfillment processes.

Lenders are once again making money on mortgage originations, though not a ton. For now, some are holding onto servicing.

Critics say the data giant’s exclusive contracts with data providers and strategic acquisition of potential competitors make it impossible for new market entrants to gain scale or price competitively.

An increase in MSR values was the order of the day during the first quarter, but the markups were not significant. And some lenders had slight declines. The good news: Origination profit margins improved.

When mortgage bankers think of megabanks selling MSRs, Wells Fargo comes to mind. But U.S. Bank is selling servicing rights as well. Its latest sale: a $15 billion package of GSE rights.