Advanced Search

Volume 2014 - Number 24

June 19, 2014

Market for Large ‘Legacy’ MSR Packages Near Dead, but Flow and Mini-Bulk Humming Along

The market for large packages of “legacy” mortgage servicing rights is ice cold these days, throwing a monkey wrench into the aggressive growth plans of Ocwen Financial, Walter Investment Management and Nationstar Mortgage. The reason is simple: regulatory scrutiny from the New York Department of Financial Services of Ocwen’s planned purchase of $39 billion in highly delinquent MSRs from Wells Fargo has dampened both auctions and sales. “Legacy packages are still out there,” said one buyer of mortgage receivables, “but I don’t see many of them and they’re not very large.” He added...

Subscribers to Inside Mortgage Finance have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


A weekly "must read" for industry executives. Thoroughly covers regulatory, political, legislative and market issues in the residential mortgage business.



You can purchase this article for $55.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
51 to 75 bps
76 to 100 bps
101 to 150 bps
More than 150 bps
We’re a call center lender and don’t disclose that data point.

vote to see results
Housing Pulse