Dico. for and morning, joining Good everyone, us. Thanks, thanks
the some please of team highlights and earnings performance bit of with can adjusted and substantially month cover you improved CFO, June cover proud And our margin the compression in reduction; with accomplished in second income for X, little growth the expectations accomplished past execution; income servicing record lot the and detail pretax with that and reflects originations; channels, Adjusted we'll appreciate continued second adjusted improved all our X the work. of servicing for If in quarters in quarter. additions operating consistent the our in seller was strong ROE quarter a quarter.
I'm in services turn pretax Campbell, annualized really a to hard quarter: more growth; more higher-margin June products. XX%. their will cost pretax later.
We despite and And Slide importantly, what scale
pretax to us. income. All and presence accomplishments unpredictable us of full a to believe rights second point environment. more a only half this new will let's help bit this strong believe the Slide endorsement forecast Industry Mac of constant in about us of space, in projected announced or mortgages growth.
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And in are giving QX to previously And expand turn RMS we volume incredible so XXX the rate now The at treasury about year. we rate It prior XX last basis points at volatility. and and basis sits year, this in year, This the of at time
compression stabilized accelerating. as during seemed were we're over margin financing.
There up year progressed margins values. of the after and June a RFPs as cash and owned volume, expected, in return pace [ the are the MSR ] values with XX% the or interest we're secured versus GSE are MSR volume, between quarter. seeing participating down generated in secured channels but June to And several strong X% originations in in. programs. influencing last expected Origination before XX% second Margins bulk So rates have subservicing to that are lifetime projected leverage quarter-over-quarter. MSRs changes ranging yields
direct involving changes participate channels. explicit these to channel structures, their limits loan whole additions acquisition to adjustments and level shift third-party we to aggregators Loan and volume the expect will co-issue price in and originations. We
focus is intensifying. regulatory Lastly,
capital with And which focus moratoria, expected. foreclosure around convenience I compliance extended been exceptions. seems fees, certain be has forbearance and through think requirements, that's the to as year-end
on XXXX turn to for our X some objectives. highlights Let's Slide
ahead the year. targeted proud our additions revenue half on our team target I'm plans. executing. improve. Customer of or, and our for Recapture objectives to track our successfully key good Again, we're make improving, We've continue We We're is satisfaction our than some servicing for objectives. more on to rate continues generally XXXX. executing is of closed how progress diversification in cases,
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Please change of to for servicing until transaction deliver interim transfers positive once fees GAAP $XX ROEs
start these We for portfolios when will marketing recapture board.
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really and represent QX will in again, As mentioned bulk subservicing recapture flow during per plans RMS, portfolio grow our which awarded top activity us our were potential going business. with growth strong help I subservicing sales forward, agreement, will the services. billion subservicing and redirected MAV quarter. our Consistent enterprise additional was to be in earlier, XX and is Seller billion new in $XX prospects We roughly including opportunities, robust. $XX
track launched Our Ginnie TCB the base seller year-over-year to expected, up on second XXX% in Mae launch Efforts was the in in up were we're seller XX% organic XX% nondelegated due integration, which PIIT additions -- and finished quarter-over-quarter, to our as and had services Best QX. quarter we seller June. and
We really continue strong delivering more make continue we importantly, points originations PLS here, points and us. their portfolios, exceeded in rate recapture. terrific progress in objectives, probably they're really XX% objective to our is servicing objective. what X I'm progress year-over-year. quarter-over-quarter Again, we proud team government And the second reverse our of and our is on against our for GSE and good progress recapture make XX Recapture servicing, making and on recapture up quarter, to
we cover more year-over-year. XXx is big to some what In X, in pretax doubled of turn and a correspondent, margin has doing Slide Let's profitability of expansion. that can consumer where than direct, volume we're multiple,
grow XX% after roughly population opportunity continues year-over-year, marketing-eligible to the This bulk XX% servicing increase portfolio, our recapture to grow grew as our board. well. another population it all As for and we additions we expect
growing reverse. compared time forward. volume than in XX% progress focused, we and MSR what driving lending solicit which, about (sic) reverse year-over-year. is So higher retail Best us average, [ to focused they're Mae the reverse half this consumer last highest year.
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elements reducing we execution same for technology results improving believe for operating experience needle business. on X% these costs improve are at full simplification, areas, critical team percent client, XX process objectives we've a the key can our portfolio a already reduce objectives has achieve To the target our borrower support on over composition. are our improve achieved recapture as with servicing to execution focused experience. we The and enabler, cost customer Yes, Overall, year experience very And Slide improving actions the been objectives, for we are moving and of well. is for far. technology, being is run. key so scale and good the rate Continuing long are driver servicing and to turn Let's big highlights and XXXX.
Technology to growth cost customer a some that cover technology our to the our down X-part investor and servicing and us, cost, in to us, UPB the quarter-over-quarter, focus: servicing time. costs agenda improve X as and have performing and
loans balance delinquencies, will our of servicing of agency servicing -- cost. distribute trends terms total fixed portfolio ratio increased scale, composition, loan and of And helping our better to In operating fees. percent I'm percentage average those the to a of UPB and increasing the of in expenses [ XX% sorry, terms in as both improve UPB increase is we've our ] quarter and decrease
areas. several Average review turn performance of to call operating XX So continue our continues Slide MBA. industry answer Servicing reported let's and to speed execution. rate the in the to outperform operating average industry exceed abandonment as to by servicing benchmarks
We path on helping what do their options. We are their guidelines home. the works a and homeowners, communities to supporting them borrowers keep and in for exiting laser-focused investors find to investor are who is within believe understand homeowner best forbearance
mitigation reinstatement had for the continue the exited solution borrowers for in percentage XXXX have by you on plan industry, forbearance Between X% exited place. the about if with a September We June place versus borrowers inverse, plan exit loss means XX% forbearance without relating at who an a or loan look forbearance to mitigation borrowers outperform industry. as reinstatement That with the the roughly the or our who and forbearance loss versus mitigation over MBA, a our XX% of XX% of reinstatement agency XXXX, or of to only reported solution loss in industry.
about how this servicing deliver for mitigation solutions XX% MBA very superior And for our on communities homeowners, we're I versus investors. our more same peers. capabilities our we've this delivering demonstrates again, data, and Based -- performance think customers loss
points up down the Net the to bit Lastly, an volume XXXX, of due of little quarter increase Promoter XX loan boardings quarter and versus from seasonality. second Score a in is first new
gains July. our rights PLS XX on largely in Ginnie call that sell loan initiatives. servicing on revenue pool focus Mae we first some our been on here early harvesting to opportunities did transaction and and diversification modification has buyout on pools cover service. The We Slide call highlights turn Let's rights
million opportunities appreciation call We for potential fourth creating several home versus we can gains spreads servicing with to our in at looking Considering $X we're expect environment The quarter strong credit transactions, million million. and diligence $X in price XXXX. original combination really in over execute transaction, realize we in the believe low call of to now $XX interest this conducting for We're tight transfer November. settlement rates, and rights. September are third estimate right our quarter year a of
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Mae year, Ginnie limited a roughly really total between and issue. and will for relief buyout quarter, Our originally the as forbearance the We we're of maybe in said, $XX at least it's to due you estimate modification roll into million previously well. $XX what million we re-pooling $X Year-to-date been better gains, and timing the $XX year to the a to this than this versus expectation second extension That total gains, we a of have million program our in has EBO over $XX million little realized the rights now when foreclosure and continued believe look the while million we we realization had year And the moratoria. estimated. delay track, call just is XXXX EBO and bit lower on gains, anticipated. see EBO opportunity
to servicing, could we and well about acquisition. related to Slide talk revenue XX, RMS diversification let's As turn the for
our servicing real and estate roughly the during servicing to businesses. MAM their our As Mortgage for we'll quarter, agreement, Management, would and platform become subservicing we which second acquire a RMS MAM, X-year sources servicing to the double reverse Upon under the closing, owned Reverse subservicer revenue company, portfolio. reverse efforts with executed Assets an part or of parent diversify Solutions Mortgage agreement and
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our significant mortgage and this will close transaction With solution. the the end-to-end be expected reverse believe a originates, of an excited the regulatory of reverse this and conditions. to in only quarter with the we're directly more company in Campbell, other us.
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