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.
“When the yield on the 10-year [Treasury] goes up more than 50 basis points in less than a month, something is going to get broken,” one consultant noted.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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