After working for more than two years toward a spinoff of Newrez, Rithm Capital paused the effort and will invest in the mortgage unit.

At June 30, Rithm's owned mortgage servicing rights totaled $593.0 billion.

Invitation Homes, one of the largest owners of single-family rental homes in the nation, said company President Charles Young has resigned.

If there’s any good news on the agency MBS front it’s that new issuance volume increased from the first quarter to the second. Then again, it was driven by seasonality.

Some of the mortgage bellwethers began reporting second-quarter results this week. The good news is that loan production increased nicely from the first quarter.

Flood of mortgage servicing sales are impacting performance; mortgage bankers and brokers aren’t hiring much these days, if at all.

KBW noted the GOS margin at Wells fell sharply to 45 bp in 2Q25, down 45 bp quarter over quarter...

Some 85% of 2024 comp for Rocket's CEO Varun Krishna came from stock awards.

KBW said of UWM, "while the shares remain inexpensive, we see limited positive catalysts with rates remaining range-bound at current levels.”

One housing market that seems to be doing well is Rochester, NY.