Certain mortgage companies are starting to feel bullish about lower interest rates, predicting better times ahead and more hiring by lenders. So far this year, personnel counts at nonbank mortgage companies have been weak, in aggregate, but loan brokers are adding to their ranks.

To help ease its financial pain, loanDepot sold some MSRs during the second quarter.

One of UWM's most frequent customers is Lakeview Loan Servicing.

During the refi boom of 2021, mortgage banking employment was roughly 8,000 jobs shy of 300,000...

loanDepot recently tweaked a line of credit it has with a consortium of megabanks...

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.

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%.

At mid-year, Newrez owned $596 billion of servicing rights with an additional $214 billion of subservicing contracts on its books.

Wells has transitioned its tax-service functions to a third-party vendor.

The maneuver — which results in an overall reduction in available equities — can provide a company a second lease on life.