When mortgage bankers think of megabanks selling MSRs, Wells Fargo comes to mind. But U.S. Bank is selling servicing rights as well. Its latest sale: a $15 billion package of GSE rights.

If you’re looking for signs of hope in a difficult mortgage market, a source of inspiration might be the debt values of certain lender/servicers.

A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.

Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.

Another CEO who received a large comp hike last year even though his company posted a huge loss was Vishal Garg of Better Mortgage...

It’s unclear at this point whether lenders will need to trim additional staff...

Some of Stronghill's non-QM production workers are already interviewing elsewhere...

To date, Homebridge has mostly sold HELOCs originated by its broker network to investors, servicing-released.

Peter Norden, CEO of Homebridge Financial, is transforming his once top-40-ranked GSE lender into a HELOC originator and securitizer. Margins in conventional lending, he said, are non-existent.

What’s a mortgage CEO worth in a dicey origination market? According to an early read of proxy filings, some chief executives received nice pay packages last year, while others saw reductions.