Officials at Rithm Capital believe that regulatory uncertainty will lead banks to sell more assets through asset-based finance structures, turning to asset managers like Rithm.

Holdings increased by 1.5% on an annual basis as of the end of September.

The push toward automating processes and streamlining business practices helped spur fast closings during the recent refinance boom.

Onslow Bay plans to increase its correspondent business by offering a non-delegated option next year.

Select Portfolio Servicing remained the largest nonprime servicer at the end of the third quarter.

PennyMac's CEO: “Clearly, the banks have spoken. They’re not going to be as active in jumbo loans other than for their prime customers.”

The total amount of nonprime servicing handled by a group of 20 specialists continued its upward trend, unbroken since 2020. (Includes data table.)

PennyMac looks to re-enter the jumbo MBS market after last issuing a deal in 2013.

Annaly believes its Onslow Bay unit can continue to grow following a record October for loan locks.

Even with shrinking holdings at the three largest depositories, bank and thrift holdings of first-lien mortgages ticked up during the third quarter. (Includes data table.