The September rate cut looks unlikely to have a major impact on the value of mortgage servicing rights.

In some cases, CEO pay was cut in half at mid-sized nonbanks.

Non-QM impairments continued to climb in July and August, dv01 said.

Angel Oak Mortgage and two of its loan financing subsidiaries have renewed a credit facility.

It’s been a quiet year when it comes to new stock issuance from mortgage REITs. But thanks to the Fed trimming rates by 50 basis points, with another 50 bps in cuts expected, activity could pick up markedly.

Falling interest rates are never good for the value of mortgage servicing rights. But with so many MSR owners keeping their 3% to 4% rights of 2020 and 2021 and selling the rest, marks for the third quarter of 2024 could be benign.

If you’re in the market for a new CEO, chances are you might find some bargains out there. But only for CEOs of privately held nonbanks.

Among the top five subservicing vendors in the second quarter, volume changes compared with the end of March ranged from a 6.3% decline at Cenlar to a 4.8% increase at Mr. Cooper.

One advisor estimated it can take a fund — PE or hedge — 18 to 24 months to enter the MSR market.

New stock issuance, of course, can spark concerns of dilution.