Home >> Tag Archives: Mortgage Servicing Rights (page 5)

Tag Archives: Mortgage Servicing Rights

Flagstar to Sell $40.7B in Servicing Rights to REIT

Flagstar Bancorp, Inc., announced a deal with Matrix Financial Services Corporation, a subsidiary of Two Harbors, an REIT. According to Flagstar's announcement, the agreement covers the sale of $40.7 billion in unpaid principal balance on residential MSRs, an amount making up about 55 percent of Flagstar's mortgage loans "serviced-for-others" portfolio. The pool of loans covered in the deal is made up of loans originated mostly after 2010 and serviced for Fannie Mae and Ginnie Mae, the announcement says.

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Servicing Gains Offset Production Declines in Q3

Mortgage loan production suffered among independent mortgage bankers throughout the third quarter--but servicing revenues are helping to ease the pain for those with portfolios, Richey May revealed in its latest quarterly report. Overall, net income declined 60 basis points from the second quarter, though a 0.07 percent increase in the average value of servicing portfolios helped offset losses at those with servicing interests, Richey May reported.

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Walter Investment Doubles Reverse Mortgage Servicing Book with New Acquisition

Walter Investment Management Corp. announced Tuesday that its wholly owned subsidiary, Reverse Mortgage Solutions, Inc. (RMS), has acquired a reverse mortgage servicing portfolio containing more than 76,000 loans from Wells Fargo Home Mortgage. The portfolio has an unpaid principal balance of about $12.2 billion and is expected to transfer to RMS during the third quarter of 2013, Walter Investment said in a release. The transaction will double the size of Walter Investment's serviced book, according to CEO and chairman Mark J. O'Brien.

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MSR Trading is Heating Up, Is Wells The Next Big Seller? – Mar 21,2013

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/4/571/show_4571535.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Matt will discuss the rapidly changing environment in mortgage servicing rights (MSR) trading. Who are the new players, pricing expectations, sellers and enhanced ...

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