Finally, prices are starting to seem (somewhat) reasonable for non-agency whole loans of the non-QM variety. But this applies to recently originated product — where supply is lacking.

Is the worst of the mortgage downturn over? Probably not but there appears to be some improvement. Now, if only interest rates would cooperate.

Subservicing vendors don’t seem to be adding to their contract base these days with a few isolated exceptions. A reflection of fewer new loans being created or something else? (Includes data chart.)

More M&A talk is hitting the market. One possible buyer is Movement Mortgage, the nation’s 24th largest home lender. Meanwhile, Steve Adamo has parted ways with Embrace Home Loans.

“Profits? What’s that,” one veteran warehouse executive asked, in jest.

The fair value of UWM's MSR portfolio fell by $150.8 million during the fourth quarter.

Rocket recorded fair value changes of $407 million on its mortgage servicing portfolio for the fourth quarter.

Fun fact: The top three volume leaders in wholesale are all headquartered in Michigan and are all publicly traded nonbanks.

Ocwen's origination segment recorded a pre-tax loss of $11 million in the fourth quarter...

Lenders may be facing tough times but that isn’t stopping some shops from seeking out good ideas in the tech space.