JPM also reported home lending revenue of $1.45 billion, an ever-so-slight increase over the previous quarter. The megabank’s servicing portfolio (for others) slipped to $443.2 billion...
Owned by Lone Star Funds, Caliber late last fall filed to go public but the IPO has been on hold for undisclosed reasons. Meanwhile, NRIC also said this morning that its previously announced IPO of NewRez will proceed.
Securitizing mortgages can be expensive and recent PSPA changes might force the hand of smaller lenders, at least that’s how some trade groups see it. (Includes three data charts.)