Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.

The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.

Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.

Expanded-credit MBS picks up in the third quarter thanks to originations by Acra Lending and CrossCountry Mortgage.

FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.

More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.

The lender believes the program is a good fit for the wholesale channel because it helps brokers stand out...

Expanded-credit mortgage securitizations picked up in the third quarter of this year as second-rung players increased their participation in the market. (Includes three data tables.)

The issuance, sized at $342.0 million, received preliminary AAA ratings from Fitch Ratings and Kroll Bond Rating Agency.

Officials at FCI Lender Servicing believe financial institutions will be required to use blockchain within five to 10 years given the transparency it offers.