REIT values can rise and fall depending on interest-rate swings. The good news is that rates have steadily dropped the past five weeks. The bad news: A rate cut by the Fed will need a recession to occur first.

These are humbling times for warehouse firms that finance nonbanks. Commitments are down overall, as are usage rates. Also, it appears that Truist is having second thoughts about lending money to smaller nonbanks. (Includes data table.)

The servicing side of the business continues to be a source of strength for mortgage bankers fortunate enough to own MSRs. Sales have been strong throughout most of 2023, just not as strong as last year.

According to the lawsuit, Hometown Lenders owes Flagstar Bank roughly $21 million from unpaid warehouse lines.

Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.

The homes backing the portfolio are located in Alabama, Georgia and Mississippi mostly.

CMG owner Chris George continues to find "bolt-ons" for his branch network...

Mr. Cooper has roughly $3.2 billion in unsecured debt on its books…

MBS creation is weak thanks to high mortgage rates and anemic refis but one positive for the market is the October increase in agency trading volumes. A real sign of hope or a head fake?

As promised, CMG is once again adding to its retail branch network, this time in New England, thanks to its onboarding of staff from Shamrock Home Loans.