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Inside Mortgage Finance

August 1, 2024

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Large Nonbanks Gain More Servicing Share in Second Quarter

The nonbank share of owned servicing increased from 55.9% as of the end of March to 56.9% at the end of June. Much of that growth was driven by large firms, which are gobbling up MSR and subservicing. (Includes three data tables.) Read More

Mr. Cooper Grows as NYCB Scales Back on Mortgages

The servicing acquisition from Flagstar puts Mr. Cooper’s pro forma portfolio at the end of June at about 31% higher. Read More

GSE Profits Slow to Respond to Market Improvement

Second-quarter acquisitions increased at the government-sponsored enterprises, but profits remained stable as credit reserves shifted. Read More

UWM Cashes in Some MSR Chips Amid High Demand

When it comes to MSR sales, UWM is a frequent user, but in the first half of 2024 the company exceeded expectations. For now, its model is: Originate MSR, then sell them. Read More

Lenders Beefing Up Staff Ahead of Expected Rate Cut

Some lenders are ramping up hiring in anticipation of a cut in interest rates later this year. However, some observers don’t believe a rate cut will boost originations enough to warrant rising headcounts. Read More

MBA Expresses Frustration With NMLS Fee Hike Plan

The trade group said now is the wrong time to increase NMLS fees. It also criticized the proposal for the lack of justification for the changes. Read More

Rethinking the Relationship Between CDFIs, FHLBanks

FHFA hosted a symposium on improving the relationship between the FHLBanks and CDFIs. Read More

Bond Market Treats Certain Nonbanks Nicely

Mr. Cooper, which has been tapping the unsecured paper market since 2020, has done it again — this time at a relatively cheap rate of 6.5%. Read More

Senate Moves HUD Spending Bill Forward

The bill is more generous than its companion House legislation. Read More

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