Volume 2014 - Number 3
January 23, 2014
Bank of America Starts Selling MSRs Again, Wells Unloads Too; 2014 Could See Heavy MSR Sales
Some of the largest bank owners of mortgage servicing rights are lining up to sell small- and medium-sized chunks of their portfolios in what likely will turn out to be a record year for sales. Bank of America which unloaded several huge packages last year is now in the market with an $8 billion Ginnie Mae MSR portfolio. Wells Fargo late this week confirmed that it will sell a $39 billion package of servicing rights backed by non-agency loans to Ocwen Financial Corp., and hinted that more deals are ahead. An industry advisor who works the servicing market told...
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