The biggest was a $698 million bond from New Residential Mortgage Loan Trust backed by performing and re-performing loans bought out of mostly Alt A legacy deals.

At PennyMac, Stan Kurland’s departure is tied to succession planning of a lender/servicer that has produced solid profits the past few years...

On average, the loans that Fay Servicing boards are more than 700 days past due.

At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans.

With the Opes transaction, Flagstar acquired 39 retail offices on the West Coast, supplementing the 99 retail branches it already had in Michigan and 43 other retail home lending offices across the nation.

It’s been a busy spring for sales of mortgage servicing rights, with investment advisors pushing out several new auction notices a week. And there’s even more good news: for the first time in several years, prices appear to be balanced, with neither buyers nor sellers having the upper hand. “This is the most balanced market I’ve seen since 2013 or 2014,” said one East Coast-based investment banker, who spoke under the condition he and his firm remain anonymous. “Right now, I think both buyers and sellers can get good deals.” Another positive for the market: “In terms of bidders, there seems to be plenty.” Mark Garland, president of MountainView Servicing Group, Denver, sees...

“Will we see the loanDepots of the world jump in?” he asked rhetorically. “There’s a lot of top lenders out there looking for innovative products to offer,” Pollock noted and left it at that.

Houlihan Lokey was PCM’s advisor on the sale.

PwC estimates that by the early 2030s, up to 38 percent of existing U.S. jobs will be susceptible to automation from robotics and artificial intelligence.

The deal was six-times oversubscribed, a positive for this young market...