Locks for purchase mortgages and refinances declined in June as interest rates increased.

Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association, stressed that headline figures from the June jobs report don't tell the whole story on employment trends.

Pending home sales in June declined on an annual basis at a rate not seen in four months.

MSR investing veteran Michael Lau said investors that focus on recapture are “building today for what’s going to come tomorrow.”

SoFi originated $336.1 million of mortgages in the first quarter of 2024...

PennyMac Financial was the only top-five lender to post a decline in originations in the first quarter.

Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.

"Current market conditions regarding pricing were excessive and restrictive," according to Sachem Capital.

Pending home sales declined by 2.1% on a monthly basis in May.

Some MSR buyers would rather focus on acquiring volume and leave the servicing duties to someone else. Subservicers are happy to provide the service, touting cost savings and innovations.