Mark Garland, managing director of SitusAMC, Denver, agreed that bids of 3.0-times are doable today and are a welcome development after several weeks of inactivity, at least on the flow front.

Black Knight reported: “At today’s level, mortgage servicers need to advance a combined $3.5 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances."

According to the offering circular, the seller is a “well capitalized institution” based in California.

The nation's 16th largest originator is pondering acquisitions of all different sizes...

The California-based lender said it has satisfied "all" margin calls and obligations under its warehouse facilities...

Why sell now when you can make a ton of money later?

Combined, the two companies would have $310.5 billion of MSRs, ranking 10th overall, according to Inside Mortgage Finance.

To clarify: No one is betting on a V-shaped recovery in either the U.S. economy or servicing sales in particular.