The pros and cons of subservicing? It all depends...

Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.

Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.

Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.

Originations increased by 12% at Flagstar in the third quarter.

Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.

FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.

More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.

The bad news: FHA delinquencies jumped to 8.76%...

CMG’s scorecard looks like this: 394 retail branches today compared to 241 a year ago.