There’s also a lag time involved. A deal might be signed and completed but the MSR portfolios might not actually transfer to the new owner for several months.

Not only does the Mt. Laurel, NJ-based company rank seventh among originators, it’s also the 11th largest servicer.

At June 30, the REIT owned $441 billion of MSRs, a 9.7% increase from March 31. The figure exclude excess servicing rights.

In a new 10-Q filing with the SEC, Ocwen disclosed roughly 40 “risk factors,” including “uncertainty” tied to litigation, cease and desist orders, investigations brought by government agencies and more…

IMA says the seller wants to establish a working relationship with the buyer to subservice the mortgages.

In 2016, J.G. Wentworth Co. was delisted from the New York Stock Exchange. At the time, its shares traded for 40 cents apiece compared a 52-week high of $10.41. 

You can bet that President Trump will tweet something out about the FOMC decision shortly after it happens…

In general, New Residential Investment Corp. does not look at portfolios of less than $5 billion in size, according to market watchers...

Situs Managing Director Mark Garland said the MSR sale market is beginning to thaw a bit after being slowed by declining interest rates.