Some history: When GMAC imploded earlier in the decade, some of its GSE servicing rights were sold to Ocwen. Ocwen eventually sold those contracts to Nationstar.
The bulk market for mortgage servicing packages is revving up once again as October draws to a close and deal makers try to wrap up transactions before yearend, allowing clients to book income. “I would say that right now the market is pretty good,” said one investment banker. “Pricing is firm, but not as good as it was earlier in the year. Still, it’s the best it’s been in a few months.” Part of the reason for that strength is rising interest rates. As the week draws to a close, the yield on ...
Speaking at the MBA convention, one executive said that under current rules, bank holdings of MSRs are treated more harshly than holdings of Greek bonds.
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