Usually an MSR Buyer, Freedom Decides to Sell a Little August 19, 2024 Paul Muolo Servicing transfer figures compiled by Inside Mortgage Trends show that last year Freedom purchased roughly $44.3 billion of bulk MSRs...Read More
More MSR Deals on the Horizon? August 19, 2024 Paul Muolo The MSRs include loans from Kentucky, Georgia and 22 other states...Read More
UBS Selling Mortgage Servicer SPS for Breakeven Price August 14, 2024 Brandon Ivey Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.Read More
Short Takes: New Mortgage Reinsurer / Rocket Consistent With CES Securitizations / DSCR Loans in Non-Agency MBS / Growing Through Selling Servicing August 13, 2024 Brandon Ivey Skyward Specialty Insurance Group launched a mortgage reinsurance business.Read More
Servicing Transfers More Than Double in 2Q and Then Some July 29, 2024 John Bancroft More than half of the second-quarter bulk deals were attributable to two buyers: Mr. Cooper Group and Lakeview...Read More
Short Takes: Mr. Cooper’s Growth / Bank Regulators Reviewing Regulations / TransUnion Sees Higher Revenue on Lower Inquiries / Jumbo MBS From Morgan Stanley July 26, 2024 Brandon Ivey Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.Read More
Mr. Cooper to Acquire Most of Flagstar’s Mortgage Business July 25, 2024 Brandon Ivey Mr. Cooper will pay $1.4 billion for Flagstar Bank's servicing portfolio and third-party originations platform.Read More
Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model July 23, 2024 Brandon Ivey Non-QM lender Acra Lending has been profitable in the last three years.Read More
Bain Jumps Into the Fix-n-Flip Market With Acquisition July 8, 2024 Paul Muolo A few months back, Bain bought a stake in two different mortgage software companies...Read More
A Lull in Mortgage Servicing Sales. Will It Last? June 24, 2024 Paul Muolo This year, MSR sales could drop to $500 billion, still a great year historically speaking...Read More