Falling interest rates and surging originations were poor conditions for bulk MSR sales in 3Q19, but coissuance activity was up sharply from the previous period. (Includes three data charts.)

In January, the origination forecast for 2019 looked bleak but that was before rates began their relentless descent. Today? Optimism abounds with several shops reporting strong lending results for 3Q19.

Banks began reporting third quarter results this week and, as might be expected, negative servicing marks were quite noticeable.