MFA already owned a minority stake in Lima One.

With interest rates rising for much of the year, the asset value of servicing rights has become a more secured asset to lend against.

New York-based real estate investment trust unveiled plans to deploy as much as 10% of its capital — roughly $1.5 billion — in this sometimes volatile asset.

“March 31 servicing marks were up significantly from where they were at Dec. 31,” said George Christo, executive vice president of The Prestwick Group.

Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.

A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...

For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio.

More flow auctions are hitting the market...

Amazingly, there were no bulk transfers of Ginnie MSRs. None.