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Tag Archives: mortgage servicing rights

RoundPoint Expects Substantial MSR Purchase Growth to Continue in 2015

HELOC

Charlotte, North Carolina-based RoundPoint Mortgage Servicing Corporation has announced that the firm's co-issue mortgage servicing rights (MSR) purchases grew year-over-year by 257 percent in 2014. The growth has continued into the first quarter of 2015 and management expects that growth to continue throughout the year.

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Ocwen Announces $25 Billion MSR Sale 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.

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Ocwen to Sell Agency MSR Portfolio with $9.6 Billion in UPB to Green Tree

According to Ocwen, the portfolio consists of approximately 55,000 performing loans owned by Freddie Mac. The transaction is subject to approval by Freddie Mac and its conservator, the Federal Housing Finance Agency (FHFA), as well as other customary conditions. Ocwen reported that it expects the transaction to close by April 30, 2015, and expects the loan servicing to transfer in May 2015.

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Report: JPMorgan Chase to Buy $45 Billion in Agency Performing Loans From Ocwen

In an update on its website dated March 2, Ocwen announced that it had "signed a letter of intent with a buyer on the sale of mortgage servicing rights (MSRs) on a portfolio consisting of approximately 277,000 performing Agency loans owned by Fannie Mae with a total unpaid principal balance of approximately $45 billion." In that March 2 update, Ocwen wrote that the transaction was "subject to a definitive agreement, approvals by Fannie Mae and FHFA and other customary conditions, Ocwen expects the transaction to close by mid-year and the loan servicing to transfer over the course of the second half of 2015."

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Ocwen Agrees to Sell Agency MSR Portfolio Worth $45 Billion

Ocwen Financial has signed a letter of intent to sell the mortgage servicing rights for $45 billion worth of Agency performing loans, according to an announcement on Ocwen's web site late Monday night. The portfolio consists of about 277,000 performing loans owned by Fannie Mae. The approximate unpaid balance of the loans is approximately $45 billion. According to the announcement, Ocwen expects the deal to close by the middle of the year.

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Ocwen Announces Intention to Sell MSR Portfolio Worth $9.8 Billion to Nationstar

Ocwen Loan Servicing, a subsidiary of Ocwen Financial Corporation, intends to sell the mortgage servicing rights (MSR) on a portfolio of performing loans owned by Freddie Mac with a total principal balance of about $9.8 billion to Nationstar Mortgage, a subsidiary of Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial on Monday morning. There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen's announcement.

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California Agency Seeks to Suspend Servicer’s Mortgage License

Losing California would be a big blow to Ocwen, which serviced more than 378,000 home loans in the state valued at $95 billion unpaid principal balance as of Q3 2014, according to MarketWatch. Shares for the company plummeted in early trading Tuesday, falling off by more than 33 percent before ticking back up slightly. With the latest news, Ocwen is off to a less than promising start to 2015 after concluding what was a rocky 2014

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