Mortgage REIT Rithm wants to unlock the market value of its mortgage banking franchise by spinning off the unit into its own publicly traded company. A serious idea or a ploy to juice the share price of the parent?

The acquisition will make Mr. Cooper the seventh-largest mortgage servicer.

Computershare said, “Low origination and refinancing volumes, along with the timing of MSR capital recycling trades, affected results."

Rithm owns NewRez, Caliber Home Loans and Shellpoint Mortgage Servicing, among other units.

The sellers of the MSRs were not identified, but in the past Two Harbors has bought product from banks and nonbanks alike...

The offering circular notes, “The seller will be providing customary representations and warranties.”

Among mortgage servicers, FRB ranked 22nd, according to Inside Mortgage Finance.

It will be interesting to see what JPM does with all those interest-only jumbos...

The nonbank is set to acquire mortgage servicing rights and the servicing operations of Rushmore Loan Management.

Bids on the package are due May 3...