As Investors Pile Into MSR Market, Returns Look Less Plush; Sales by Wells and Flagstar Moving Forward
September 19, 2013
It’s no secret that it’s now a seller’s market for mortgage servicing rights, even for legacy portfolios that are suffering from high delinquency rates. But that isn’t stopping outside cash from plowing into the receivables game. “There continues to be a lot of money out there seeking to invest in the MSR market,” said Mark Garland, president of MountainView Servicing Group, Denver. Over the past two years, upwards of $1 billion has been raised...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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