The CSBS report: “Thin liquidity margins, especially when coupled with the other risks identified above, can put a nonbank in a sudden compromised position triggered by a reduction in revenues or other market or economic events such as volatile interest rates that can have significant impact on the value of MSRs.”

A thirst for yield has spurred some large big-name banks to invest in hard-money loans, albeit quietly…

One source said a $30 billion bulk servicing portfolio went out for bid but was unclear whether the receivables actually traded...

Freddie Mac was active in the MSR financing sector while Fannie stayed mostly on the sidelines.

PiperJaffray said management expects to sell assets “to increase cash to prepare for” a 2021 unsecured debt maturity event. The research firm rates the nonbank’s stock as “underweight.”

Ocwen Financial remains the largest subprime servicer in the nation with a portfolio north of $62 billion…

California loans account for the largest share of the portfolio at 12.4%. The bid deadline Sept. 18.

Ocwen Financial’s jumbo servicing portfolio nearly doubled in the past year, though that’s due to the acquisition of PHH…

The latest reorganization plan hinged on the pre-sale of key Ditech assets, with New Residential Investment purchasing its origination and servicing business for $1.1 billion.

The aggregate SFO balance, mostly tied to mortgage-backed securities trusts, was down 0.8% from March, the second quarterly decline in a row.