Holders of mortgage servicing rights marked down the assets at the end of September amid a decline in interest rates. Lower rates reduce the value of MSRs by incentivizing refis.

This year will yield fewer sales than the two previous years but those were aberrations. Small MSR portfolios are available, but nothing in the “mega” $10 billion range.

HPS Investments, which owns nonprime originator/servicer Acra Lending and more, is toying with an IPO. Acra is a small part of what HPS owns, but it would open up the lender to public disclosures.

PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...

The company measured its economic return at 9.3% in the third quarter...

Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...

Fannie Mae recently introduced a pilot program that would waive the title insurance requirement on certain refis...

Residential funders employed 184,000 full-timers at the end of August, down 12,600 from August 2023.

Blackstone is expected to initially operate as a buyer of loans with mortgage-backed security issuance to follow.

The Blackstone Group wants to make its mark in the non-QM arena and has hired away an executive from Annaly’s Onslow Bay unit.