Lenders are facing a tough market for originations, helping to prompt sales of servicing. The supply of MSR is coming both from older vintages with interest rates well below current rates and new production in which a lender might not want to hedge the MSR.

Rithm handled servicing with an unpaid principal balance of $844 billion as of the end of 2024.

Scott Turner's nomination to lead HUD was approved by the Senate on a 55-44 vote.

Issuance involving closed-end second liens held up better than HELOCs and home equity investment activity.

Freedom plans to use proceeds from the offering for “general corporate purposes,” including repaying existing senior secured debt.

FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.

Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.

Some 44.8% of survey participants project that demand for mortgages eligible for sale to the government-sponsored enterprises will increase in 2025 compared with 2024. (Most of the others surveyed think demand will remain level and only 3.4% expect demand to weaken.)

Ishbia pointed to borrowers who received mortgages between 2022 and 2024 as prime candidates for refis.

Northpointe also accepts deposits online. And that’s about it.