MetLife said a number of new investors have started buying RPLs in recent years. And even with the strong demand, it’s still a market that offers relatively attractive returns…
Purchase-mortgage activity in the GSE market surged 21.5 percent higher in the third quarter – and Fannie recorded a whopping 35.9 percent jump in such business…
Nonbanks lack the deposit base banks have to support their investments in mortgage servicing rights, but nonbanks are seeing increased liquidity in terms of MSR financing. The government-sponsored enterprises and Ginnie Mae have also adjusted their acknowledgement agreements to make MSR financers more comfortable in the sector, with further changes likely. “In the nonbank mortgage sector, there is a big need for the financing of the MSR asset,” Vandy Fartaj, chief capital markets ...