Truist, the nation’s 20^th largest home lender, has notified customers that it plans to close several dozen branches in March.

It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.

What’s the latest with Ginnie’s management of $19.5 billion in HECMs under its control thanks to the failure of RMF? Hard to say. But it appears that Carrington is handling the servicing chores, possibly, through a subservicer.

It’s a new year and MSR sales are already beginning to heat up. But who will the most active buyers be in 2024? Count on Mr. Cooper, JPMorgan and private-equity-backed investors.

Is the worst of the mortgage market decline finally in the rearview? Maybe. One positive: improving share values of the IPO class of 2020-2021. The best performer in the group: Guild Holdings.

The coming year should bring greater origination volumes to the home finance industry. But CEOs shouldn’t order that new Tesla quite yet. To get there, a spark is needed: 5.5% conventional rates, at least.

“The market has had more liquidity of late than it’s had in some time,” said Homebridge CEO Peter Norden.

More nonbanks are ready to take the HELOC plunge, using the MBS market as leverage. Among them: Homebridge and Angel Oak.

The publicly traded reverse mortgage lender faces NYSE delisting, while surviving on covenant waivers granted by its warehouse financiers.

Headquartered in Lake Zurich, IL, Dovenmuehle did not return media inquiries on the matter.