Advanced Search

Volume 2014 - Number 11

March 20, 2014

What Happened to All the Large Bulk Servicing Sales? The ‘Lawsky Effect’ or End-of-Quarter Slowdown?

It’s been a busy quarter for sales of mortgage servicing rights, but most of them have involved portfolios of $2 billion or less, spurring talk in the industry that regulatory oversight of MSR transfers is affecting the mergers and acquisition market. In particular, dealmakers are starting to call it the “Lawsky Effect,” named after Benjamin Lawsky, the superintendent of the New York Department of Financial Services who in early February put a “hold” on Wells Fargo’s sale of $39 billion in MSRs to Ocwen Financial. Lawsky has stated his concerns about Ocwen’s fast growth, its capacity to take on massive new assignments and complaints about some of its servicing practices. “I have not heard...

Subscribers to Inside Mortgage Finance have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


A weekly "must read" for industry executives. Thoroughly covers regulatory, political, legislative and market issues in the residential mortgage business.



You can purchase this article for $55.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

vote to see results