While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio.
Source: Inman News
Hints of more layoffs loom at Mr. Cooper as profits wane in Q3
Published in Chris Marshall, Community Loan Servicing, foreclosure, jay bray, layoffs, loan servicing, Mortgage, Mr. Cooper, recession, refinancing, reo, RightPath Servicing, Select, Two Harbors Investment Corp. and Xome
More from Chris MarshallMore posts in Chris Marshall »
- Mr. Cooper veteran Chris Marshall tapped to run Xome marketplace
- Sagent hires Mr. Cooper vet Jaime Gow to grow new servicing platform
- Mr. Cooper now collects payments on $1T in mortgages amid big Q4
- Mr. Cooper’s share price soars with $1T servicing portfolio in sight
- Mr. Cooper says it will use AI to service $1 trillion in mortgage loans
More from Community Loan ServicingMore posts in Community Loan Servicing »
More from foreclosureMore posts in foreclosure »
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Falling home prices leave nearly 1 million Americans ‘underwater’
- $100M fraud ring busted, hundreds displaced by foreclosures
- Former agent convicted of swindling woman out of her home
More from jay brayMore posts in jay bray »
More from layoffsMore posts in layoffs »
- Heard of a K-shaped economy? You’re living in it now
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Side debuts profit-sharing program, lays off staff members
- Redfin lays off nearly 100 Redfin Concierge service employees
More from loan servicingMore posts in loan servicing »
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- LoanDepot shares surge on bullish call by Citron Research
- Mr. Cooper shareholders approve merger with Rocket Companies
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
More from Mr. CooperMore posts in Mr. Cooper »
More from recessionMore posts in recession »
- Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy
- Heard of a K-shaped economy? You’re living in it now
- New Fannie, Freddie housing goals may hurt working families
- Embattled Fed Governor Lisa Cook says tariffs fueling inflation
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
More from refinancingMore posts in refinancing »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
- Lower mortgage rates spur homebuyers, but mostly refis
- Pending home sales remain stuck in the mud in September
More from reoMore posts in reo »
- Here’s how to save canceled listings and improve success rates
- Foreclosures are on the rise. Here’s how to lean into the shift and develop a new income stream
- Hubzu operator Altisource plans reverse split to avoid delisting
- Xome’s DIY platform lets investors sell homes without an agent
- Altisource sees rise in foreclosures as a path to profitability
More from SelectMore posts in Select »
- Dawn of a new era: Here’s how NAR says it’s changing for its members
- 5 copy-and-paste direct-mail campaigns that will fuel your best year ever in 2026
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
More from XomeMore posts in Xome »
- Mr. Cooper veteran Chris Marshall tapped to run Xome marketplace
- Xome’s DIY platform lets investors sell homes without an agent
- Xome partners with Plunk to deliver investment property data
- Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
- Mr. Cooper lays off originators while mortgage servicing business booms
Be First to Comment