The order included four directives, stopping well short of requests from mortgage industry participants.

Purchase-mortgage volume increased from the second quarter and refi business dropped.

Rithm’s residential mortgage unit turned a $604.8 million profit before taxes during the third quarter, more than five times the income the unit generated the prior quarter.

The planned sale amounts to nearly 30% of UWM's servicing portfolio as measured at the end of September.

“After the significant and rapid repricing, we find ourselves once again facing a highly attractive investment opportunity,” said Smriti Popenoe, co-CEO and president at Dynex Capital.

PrimeLending took a $10.8 million pre-tax loss in the third quarter of 2026 after a $2.0 million pre-tax loss in the second quarter.

"We could no longer see a path forward for the profitability on the base level overhead that it takes to run an efficient distributed retail operation," said Chuck Williams, chairman and CEO of Northpointe Bank.

Lenders are struggling with originations, providing incentives for sales of MSRs.

The planned $291.0 million issuance is on a shelf named Prism.

The company generated $66.6 million of net income in the third quarter of 2026, down 37.5% from the third quarter of 2025.