Origination

Management provided upbeat commentary both about the period and how the second quarter is progressing.

The popular notion that any downturn this year will be mild by historical standards as firms seek to "hoard" labor is about to be put to the test.

These originators are more than holding their own in a largely male-dominated business.

Earnings dipped for both companies coming in at $236 million and $328.2 million, respectively.

In a quarterly earnings call, CEO Michael Nierenberg said the company was evaluating options and would likely file forms for a new public company in the near future.

A potential pause in the cycle by the Federal Open Market Committee is welcomed by housing industry observers, but inflation and inventory hinder activity.

Homes in the top five states have an average of $512,836 in 2022, according to LendingTree.

This deal will allow PHH Mortgage to substantially increase the number of reverse MSRs it handles on an outsourced basis.

Meanwhile, the average purchase loan amount surged to its highest level in 2023, showing signs of continued demand amid limited inventory.

The servicer didn't disclose how many customers were affected by the incident.