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Volume 2017 - Number 32

August 17, 2017

‘Excess’ Servicing Up for Grabs on $11 Billion Ginnie Portfolio; Other Deals Percolating as Rates Stay Low

A California nonbank is in the market with an excess servicing deal tied to an $11 billion Ginnie Mae portfolio, according to investment bankers familiar with the auction process. Sources contend the sale is being managed in part by Andrew Platt, a former managing director at MountainView Capital Group, Denver, a firm that’s an active broker of servicing rights. Platt now serves as vice chairman of Sprout Mortgage, a nonprime lender based in Henderson, NV. The deal is...

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Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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