Short Takes: A REIT in Love with MSRs / No. 2? / The Fortress Connection for New Rez and Nationstar / Phoenix Selling Whole Loans / Kaplan Departs Ranieri Companies May 1, 2017 Paul Muolo 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…Read More
Ocwen Agrees to Sell $117 Billion of MSRs to New Rez; REIT Would Obtain 4.9% of the Troubled Servicer; Share Price Spikes May 1, 2017 Paul Muolo On the news, Ocwen’s share price was up a stunning 37 percent on the day to $3.15.Read More
Mortgage M&A Percolates; Texas Advisor Working on At Least Six Deals April 27, 2017 Paul Muolo Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”Read More
Incenter Selling Fannie/Freddie Flow Servicing Rights April 27, 2017 Paul Muolo The range on the flow or co-issuance arrangement is $35 million to $50 million per month.Read More
Servicing Transfer Activity Slowed in 1Q17; Fannie’s Temporary Freeze a Factor April 24, 2017 John Bancroft Matrix Financial Services edged out Lakeview Loan Servicing as the top acquirer of servicing rights through co-issuance deals…Read More
Signs of Life in Ginnie Mae Servicing Sales? MIAC Out with a $2.1 Billion Package April 24, 2017 Paul Muolo The MSR portfolio that MIAC is selling has an average FICO score of 672…Read More
Incenter Offers $898 Million of GSE ‘Alt A’ Servicing Rights April 21, 2017 Paul Muolo The seller of the Alt A servicing portfolio was not identified by name, but IMA described the firm as a “well-capitalized and long standing bank…”Read More
Incenter Selling GSE/Ginnie Servicing Package April 19, 2017 Paul Muolo On a loan count basis, Michigan represents the largest chunk of the portfolio at 37.1 percent.Read More
Ocwen Prepares for MSR Acquisition Restrictions to be Lifted, but No Specific Deals are in the Works April 19, 2017 Brandon Ivey Moody’s believes servicing acquisitions by Ocwen will be limited by franchise uncertainty, capital constraints and a highly competitive market…Read More
Impac Mortgage on the Hunt for M&A Deals and Non-QM, Raises $56 Million April 19, 2017 Paul Muolo On Impac’s wish list: buy others, grow servicing and make more non-QM loans…Read More
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