“Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

Nearly all of the loans in Provident’s MBS are for primary residences.

Applications for refis declined while demand for purchase mortgages ticked up last week.

“My view is nothing will be done because it’s going to be too hard to get it done,” Jamie Dimon, chair and CEO of JPMorgan Chase, said of the potential for a re-proposal of capital requirements for large banks.

The loss was driven by negative marks on mortgage servicing rights and losses on interest rate swaps tied to hedging.

FHFA Deputy Director Naa Awaa Tagoe filled in for agency Director Sandra Thompson at the MBA's annual convention.

Is there a connection between interest rates and deficits? There is for subprime borrowers...

The uptick in the third quarter this year was the first time originations increased from the second quarter to the third quarter since 2020.

Mark Fair, an associate vice president and senior portfolio manager at Venerable, a life insurance company, said he’s “very constructive” on the non-QM market.

PrimeLending took an $8.7 million loss in the third quarter, with originations declining compared with the second quarter and a reduction in margins.