January was a good month for MBS trades as transaction volume picked up substantially. Of course, there’s always been a seasonality to the early months of the year. The biggest question mark: rising rates.
The sale of mortgage company “assets” are increasing while “franchise” deals remain few and far between. What lies ahead? In a few quarters we may see larger shops merge, one consultant predicted.
Bulk servicing packages continue to hit the open market as the first quarter draws to a close. Meanwhile, Mr. Cooper puts a number on its 2022 layoffs, burying the disclosure in an SEC filing: 1,200.