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.

The Federal Trade Commission, Black Knight and Intercontinental Exchange have filed a joint stipulation for dismissal of FTC’s antitrust lawsuit.

Look for Wells Fargo to offer more of its holdings while other shops, bank and nonbank alike, contemplate their futures.

Although MSR sales are expected to slow with the arrival of summer, a few large bulk deals are in the works.