Tag Archives: Mortgage Servicing Rights

Vericrest Financial, Inc., announced it has completed onboarding two new portfolios of mortgage servicing rights (MSRs).

Mortgage origination volume continued to climb in 2012, according to data from Mortgage Daily's 2012 Mortgage Lender Ranking. According to data collected from surveys, earnings filings, and other public disclosures, loan volume across all lending firms grew 30 percent annually in 2012. In the fourth quarter alone, Mortgage Daily reports residential originations coming in around 3 percent above third-quarter volume. Year-over-year, Q4 saw mortgage production grow 17 percent.

Wells Fargo pulled in a record net profit of $5.1 billion in the final quarter of 2012, up 24 percent from the same period in 2011.

After announcing Monday the sale of nearly $306 billion in mortgage servicing rights (MSRs) on 2 million loans, Bank of America might be looking to unload a little more. Reuters first reported Tuesday that the bank is planning to sell rights on at least another $100 billion of mortgages. BofA is likely to announce more MSR sales in the next several weeks, according to two unnamed sources who spoke to Reuters. Sales of servicing rights have become more prevalent as costs rise and servicers fall to bankruptcy, leaving hungry institutions to purchase their MSRs.

Walter Investment Management Corp. announced two definitive agreements Monday--one with Bank of America and another with MetLife Bank.

Nationstar Mortgage LLC has agreed to purchase residential mortgage servicing rights (MSRs) in the amount of $215 billion in unpaid principal balance from Bank of America.

A review of Ocwen's mortgage servicing practices has found indications of non-compliance with recent servicing reforms.

Vericrest Financial, Inc., announced it will acquire about $2.7 billion in mortgage servicing rights (MSRs).

Level1Loans and IntraPrise Solutions, Inc., announced a new joint venture to provide cloud-based mortgage valuation and other financial modeling software to owners and managers of mortgage and mortgage-related assets.

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/3/989/show_3989255.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']George Christo, an active trader/broker of mortgage servicing rights will discuss the current environment, pricing and large trades recently completed. For information on ...