MSR

Origination has picked up but has limits, retention rates are improving and stakeholders are seeking a recapture standard, experts at an industry meeting said.

Third-quarter mortgage earnings revealed swings in profitability, but the real story, according to the Chairman of Whalen Global Advisors, is that hedging MSRs is unnecessary for well-managed lenders.

The new notes redeem older ones issued in 2018 and address the kind of near-term obligation that analysts have monitored closely at nonbank mortgage firms.

The size of typical bulk MSR deals trading has shrunk, according to panelists at the Mortgage Bankers Association's Secondary and Capital Markets Conference.

Rocktop Management anticipates rising loan origination volume and increasing borrower distress, driving more servicing sales — key reasons behind its acquisition of Incenter Capital Advisors.

Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said.

Rocket said the Redfin deal is part of a purchase mortgage strategy, but originating and retaining residential mortgages in portfolio is the real endgame writes the chairman of Whalen Global Advisors.

Mortgage lenders still need to monetize mortgage servicing rights quickly amid the sluggish housing market, representing more opportunities for the firm.

With the Fed continuing to run off its balance sheet, both in terms of securities investments and reverse repurchase agreements, demand for risk-free collateral is rising even as production volumes fall, writes Whalen.

Smaller players face challenges when it comes to mortgage servicing rights, and larger ones have varying motivations, experts at an industry meeting say.

The equity infusion into a multimillion-dollar vehicle for co-investment in mortgage servicing rights suggests there may be continuity in a trend as rates shift.

The term is open to interpretation and may refer to a broad range of real-estate finance activity. An "independent mortgage banker" has a narrower definition.

Stakeholders are watching carefully as the 2023 crisis and a capital proposal increase banker wariness of mortgage assets, speakers at Invisso's MBS Forum said.

Like some other servicers, it recorded a positive change in valuations during the first quarter, contrasting a negative adjustment in the previous period.

The investment giant said its direct-to-consumer channel will offer ancillary products in preparation for any future refinance environment.

The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.

KBRA recently assigned low-end investment grade designations to Freedom Mortgage and Pennymac transactions that involve interests in Ginnie Mae mortgage servicing rights.

Some mortgage companies had to write down values in the fourth quarter due to increased prepayment risk, but many loans haven't been exposed to that concern.

Many other organizations have turned to sales of this asset class in order to enhance cash flow or liquidity.

Some large Fannie Mae and Freddie Mac portfolios have gone to market recently and an unusual Ginnie Mae multifamily and healthcare package is up for sale too.