In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.

At yearend, Marlin owned roughly $43.87 billion in Fannie/Freddie MSRs...

Increasing prepayment speeds shouldn’t mar the servicing asset in the current quarter...

Better.com has moved back its annual shareholders meeting to June 4 from May 16.

Credit unions have found a way to unload low-coupon agency-quality mortgages through participation deals. MIAC is working on a $100 million transaction.

A mini-price war from UWM and it’s not even March. As one warehouse veteran put it: “It’s a little like the old Rockefeller tactic of pricing out the competition. It seems to work, but at a cost.”

Servicing sales are off to a strong start in the new year, especially now with Federal Reserve interest rate cuts hardly a sure thing. Another factor is a fresh round of available capital from investors.

Rithm is in the process of buying Specialized Loan Servicing. The sale should close by March 31.

In a few months, Finance of America will be paying 15% on one of its borrowing lines...

One thought: Nonbanks will use the cash to purchase MSRs from federally insured depositories...