Western Alliance is tweaking the subservicing chores at its correspondent unit. The bank also is pondering selling more MSRs.

One servicing advisor, speaking on background, called six-month reporting a “wrong-headed idea,” adding: “It’s chaos for chaos’ sake.”

There was little detail on the resignation of Fannie Mae director Karin Kimbrough, who departed early last week.

Daily trades in agency MBS aren’t at bragging levels, but there is one positive: Spreads are narrowing.

After agreeing to unload its production unit to Union Home Mortgage, Sierra Pacific Mortgage is separately set to sell MSRs.

Nonbank mortgage companies would continue to face reporting obligations even if earnings disclosures from public companies become less frequent, as talked about by the Trump administration.

One investment banker noted the privately held SPM sold about $5 billion of MSRs back in 2024.

SitusAMC expects that by the time 2025 ends about $600 billion worth of bulk agency MSR will have changed hands.

Mortgage rates headed lower? Maybe not...

FCI Lender Services is seeing success subservicing securitizations of residential transition loans and other non-agency MBS.