Another source added: “Eli’s interest in the industry is legit. They want to buy and hold companies.”

Credit unions hold the servicing rights to mortgages they originated but cannot buy MSR contracts in the secondary market…

The weighted average servicing fee is 34 basis points, the delinquency ratio 3.13 percent.

Dan Hanson, a top production manager for number-one ranked lender Wells Fargo, has jumped ship for loanDepot...

Wells Fargo – the nation’s largest home lender and servicer – has apparently won the bid for Seneca Mortgage and its $53.6 billion servicing portfolio, sending shockwaves through the market. But as Inside Mortgage Finance went to press this week, the jury was still out on whether this was a “one-off” opportunistic purchase or, perhaps, the start of a trend toward depositories showing renewed interest in mortgage servicing rights. For now, Wells isn’t...

Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…

The average loan balance on the $779 million MSR package is $241,000…

Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…

Little is known about Eli Global, which bills itself as a “privately held investment firm” with 5,500 locations in 20 locations globally…

A higher dividend than what Fannie and Freddie pay?