As anticipated, Wells suffered from stiffer competition on the home front and saw its gain-on-sale margins get clipped. However, mortgage sales revenue was bolstered by Ginnie Mae buyout activity...
“You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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