Up next: some soul-crushing hits to gain-on-sale?

Some of the LOCs contained borrowing authority of up to $250,000.

Now, for the big question: will other mortgage REITs follow suit?

Investors are still open to the idea of buying debt issued by nonbank mortgage firms, but will the window stay open through the summer?

A few more mortgage IPOs could hit the stock roulette wheel by yearend. The reason: another potential reprieve on rates.

“You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.

In other words, the great mortgage company M&A binge that could hit the industry over the next two years will not be deterred…

Falling rates? Didn't see that coming...

Nonbank originators that have been hoarding MSRs for the past 16 months are sitting in the catbird seat. Some bids are just shy of top dollar. Time to pull the sales trigger?

Hot as well: vendor-related M&A...