The stock market is volatile and interest rates are rising. Dozens of mortgage company owners are pondering their options.

JPMorgan Chase recently paid 6.5-times the servicing fee for a package of low-coupon mortgage servicing rights.

At yearend, the West Palm Beach-based Onity owned $130.6 billion of MSRs.

Meanwhile, investors aren’t necessarily fleeing into the safety of the government bond market.

At last check, UWM had at least two subservicers.

Multiple factors are weighing on the spread between the 10-year Treasury rate and interest rates on mortgages.

The yield on the benchmark 10-year Treasury has fallen in recent weeks but primary mortgage rates haven’t moved in lockstep.

Origination giant Rocket is purchasing servicing behemoth Mr. Cooper at a premium. The biggest risk for Rocket is that mortgage rates might finally decline markedly in the coming quarters. Or is that an advantage?

Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.

Mortgage warehouse commitment levels increased 22.0%.