How do you know when a mortgage cycle has reached its nadir? When originators produce loans at a loss. We’re not there yet but we could be close. Meanwhile, just because a lender announces a stock buyback that doesn’t mean it will happen.

Sale of bulk MSR packages have been white-hot the past 18 months, but a pause could be in the works, some investment bankers suggest. Still, any kind of lull may not last for long.

With some mortgage companies trading below their liquidation value, is now the time to stage a takeover? It depends. Meanwhile, former FHFA Director Mark Calabria this week broke his silence on what may lie ahead for Fannie Mae and Freddie Mac.

It’s been a difficult couple of years for USAA, losing money and getting sanctioned by regulators. The latest development: The bank is selling the ownership rights to its MSRs.

Is the long-awaited M&A tsunami finally here? Maybe, maybe not. But one thing is for certain: Some of the IPO class of 2020-2021 might be vulnerable.

The two REITs have seen success even as profits from mortgage lending decline thanks to diversification efforts involving business-purpose lending and venture capital investments.

New York Community Bank and Flagstar Bank are now pursuing their proposed merger under a national charter and have until Oct. 31 to close the deal.

FDIC-insured banks are eager beavers when it comes to MSR acquisitions these days, dealmakers report. But have prices peaked? Not yet.

The mortgage origination “correction” has arrived, with some shops pondering their options. As one dealmaker put it, “Many lenders will need to find a safe port in the storm.”

Another blockbuster year for servicing sales? If the first quarter is any indication, the answer is yes. The key determinant: interest rates.