It was a tough quarter for warehouse lending, but that was to be expected, given the state of interest rates and primary market production. The good news? Plenty of credit is available. (Includes data chart.)

Subservicer ServiceMac stands to lose a large contract down the road once Mr. Cooper swallows the Home Point portfolio. But that’s the nature of the beast when it comes to being a third-party vendor.

loanDepot has shed 5,220 positions over the past year...

Home price declines in California in 2023 might not be as bad as initially expected.

About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...

S&D bid prices have improved this year...

Although the REIT posted a profit, its share price is a few ticks above its 52-week low of $3.16...

Signature, before it ran into liquidity troubles, was looking to enter the market for loans backed by mortgage servicing rights…

Interplay between debt ceiling and mortgage interest rates; mortgage employment declines; rate locks down; Rithm considers spin-off; Planet Financial looking for lenders; new LO recruiting software; Blend’s market share grows; Black Knight’s margins; new appraisal marketplace; MISMO requests for comment.

Owners of scratch-and-dent mortgages, especially nonbanks, can’t hang onto these problematic loans forever. The good news: Sellers are more likely to accept bids this year.