The company that owns the portfolio was described in the offering circular only as an “experienced seller.”

Mark Filler, CEO of “fix and flip” lender Finance of America Commercial, Chicago, has parted ways with the company two months after its parent company bought his firm, Jordan Capital, and merged it with another lender in the space. According to sources close to Filler, his departure came as a surprise. When the deal was first struck in February, Filler was put in charge of FOAC, which combined Jordan with B2R Finance. When the merger was announced, Filler looked...

At March 31, Stonegate serviced $17.42 billion of mortgages, up 6.9 percent from the previous quarter…

In no time at all, New Residential has become the nation’s sixth largest owner of residential servicing contracts.

Collingwood was founded in 2009 by industry veterans Brian O’Reilly, Brian Montgomery and Tim Rood.

The transaction was mentioned during New Residential’s earnings call Monday morning and confirmed by a source...

At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…

On the news, Ocwen’s share price was up a stunning 37 percent on the day to $3.15.

Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”

The range on the flow or co-issuance arrangement is $35 million to $50 million per month.