MSR Secondary Market Heated Up in 3Q18 with Closing of Nonbank Sale
October 26, 2018
Transfers of agency mortgage servicing rights jumped significantly in the third quarter thanks largely to Citizens Bank’s acquisition of Franklin American Mortgage, according to a new Inside Mortgage Trends analysis. A total of $179.13 billion of MSR tied to Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities changed ownership during the third quarter, a hefty 38.3 percent jump from the prior period. Most of the activity was in bulk servicing ... [Includes three data charts]
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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