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Tag Archives: mortgage servicing rights

Servicing Rights for GSE Portfolio Worth $4.2 Billion For Sale

According to MountainView Servicing Group, which is acting as facilitator for the sale, the portfolio is entirely made up of fixed-rate and first-lien product and features low delinquencies. The latest offering is the fourth billion-dollar-plus portfolio to be offered through MountainView in as many months.

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Report: Bank Mergers Outpace Bank Failures

According to the Mortgage Graveyard report by Mortgage Daily, the number of mortgage-related failures has significantly declined this past year, and wholesale lenders are disappearing equally as quickly. However, mortgage mergers are on the rise.

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$2.7B Ocwen-Wells Fargo Deal Halted Indefinitely

Ocwen Financial Corporation announced Thursday that plans to purchase the mortgage servicing rights of a portfolio worth $39 billion from Wells Fargo Bank have been halted by the New York Department of Financial Services (NY DFS). The Atlanta-based business serves as a financial services holding company. The transaction has been halted indefinitely, and any timeline for the completion of the deal remains undecided.

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MountainView Announces Sale of $2.4B in Fannie Mae MSRs

MountainView Servicing Group is marketing a $2.4 billion Fannie Mae mortgage servicing rights portfolio. According to MountainView, the portfolio is made up of 100 percent first-lien loans with an average loan-to-value ratio of 76 percent and an average FICO score of 765.

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Wells Fargo to Sell $39B MSR Portfolio to Ocwen

Ocwen's servicing segment is set to acquire mortgage servicing rights (MSRs) on a $39 billion portfolio from Wells Fargo, the two companies announced Wednesday. The loans underlying the MSRs in the portfolio are primarily in private label securities, the companies said, and they were not originated by Wells Fargo. They represent about 2 percent of Wells Fargo's total residential servicing portfolio as of the end of 2013.

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MIAC Brings Fannie, Ginnie Portfolios to MSR Market

Mortgage Industry Advisory Corporation (MIAC) announced two new mortgage servicing rights (MSR) portfolios totaling more than $694 million. The first offering is a $669.22 million portfolio from a seller with originations focused mostly in the Northeast. The portfolio contains a mix of Fannie Mae (47 percent) and Ginnie Mae (50.9 percent) loans, with warehouse loans making up the rest. The second offering is a $24.96 million portfolio featuring 79.8 percent Ginnie Mae and 20.2 percent Fannie Mae loans.

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MSR Values Gain As Banks Continue Sell Off – Christo EVP Prestwick MG – Dec 09,2013

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/5/791/show_5791847.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Banks are scaling back from a 10 trillion market in mortgage servicing rights amid looming Basel III and CFPB regulations. Private equity firms crowd the space driving prices upward. George Christo, EVP of Prestwick Mortgage ...

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