Increasing prepayment speeds shouldn’t mar the servicing asset in the current quarter...

Better.com has moved back its annual shareholders meeting to June 4 from May 16.

Credit unions have found a way to unload low-coupon agency-quality mortgages through participation deals. MIAC is working on a $100 million transaction.

A mini-price war from UWM and it’s not even March. As one warehouse veteran put it: “It’s a little like the old Rockefeller tactic of pricing out the competition. It seems to work, but at a cost.”

Servicing sales are off to a strong start in the new year, especially now with Federal Reserve interest rate cuts hardly a sure thing. Another factor is a fresh round of available capital from investors.

Rithm is in the process of buying Specialized Loan Servicing. The sale should close by March 31.

In a few months, Finance of America will be paying 15% on one of its borrowing lines...

One thought: Nonbanks will use the cash to purchase MSRs from federally insured depositories...

In December, mortgage banking firms shed 500 full-time workers from their payrolls...

What goes down must go up again? That seems to be the story of the fourth quarter’s revival in agency MBS values. Declining mortgage rates gave agency securities holders a shot in the arm.