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Volume 16 - Number 26

January 4, 2013

Interest in MSR on the Rise, Values May Firm

Investment banking and advisory firms continue to talk about private equity money eyeing the mortgage servicing market, but so far no one has made a major plunge.

Sterling Partners, a Chicago-area equity fund that hired Phoenix Capital’s Michael Lau back in the fall, plans to invest several hundred million in MSR, according to industry advisors familiar with the firm’s plans.

Sterling declined to comment on the subject. Lau, an executive vice president at Phoenix ...

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Poll

Does your lending shop have any plans to make non-jumbo, non-QM loans this year? These would be loans similar to "Alt A" and subprime products made BEFORE standards were loosened severely in the 2004 to 2007 era.

Yes.

33%

No.

33%

It’s under consideration, maybe by 3Q or 4Q.

26%

We were going to until the TRID "error" mess hit.

7%

Housing Pulse