Home >> Tag Archives: MSR

Tag Archives: MSR

A New Year A New Attitude

See how market trends will impact lending, servicing, and customer service in the year ahead. Editor’s note: This feature originally appeared in the January issue of MReport.

Read More »

MSR and the Rising Rate Environment

Underwriting

The impact of the rising rate environment has been felt on mortgage servicing rights too. A recent webinar explained the effect of rising rates on MSR product and what to expect moving forward.

Read More »

Fannie, Freddie $10 Billion MSR Portfolio Up for Sale

According to MountainView's announcement, features of the bulk servicing rights portfolio include 100 percent fixed-rate and first lien product, a weighted average original FICO score of 763, a weighted average original LTV ratio of 75 percent, a weighted average interest rate of 3.82 percent, and low delinquencies. The portfolio contains no loans that are more than 90 days late; only 0.41 percent of the loans in the portfolio are between 30 and 59 days delinquent, and only 0.5 percent of the loans are between 60 and 89 days delinquent, according to MountainView.

Read More »

Ocwen to Sell $25 Billion in Servicing Rights to Nationstar

This will be the second time in as many months that Ocwen has announced an MSR sale on an Agency portfolio of residential loans to Dallas, Texas-based Nationstar. In February, Ocwen announced its intention to sell the MSR on a portfolio of about 81,000 performing residential loans owned by Freddie Mac with a UPB of about $9.8 billion to Nationstar. Combined, the two MSR deals between Ocwen and Nationstar announced in the last two months include about 223,00 Agency residential mortgage loans with $34.8 billion in UPB.

Read More »

Ocwen to Sell $9.8 Billion MSR Portfolio to Nationstar

There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen's announcement. The transaction is subject to a definitive agreement as well as approval from Freddie Mac as well as Freddie Mac's conservator, the Federal Housing Finance Agency (FHFA).

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.