Slated for Sale, Stonegate Takes Loss in 1Q17; Originations Down 39 Percent May 4, 2017 Brandon Ivey At March 31, Stonegate serviced $17.42 billion of mortgages, up 6.9 percent from the previous quarter…Read More
Nonbanks Continue Assault on MSR Market; New Residential Emerges as a Major Player May 4, 2017 John Bancroft In no time at all, New Residential has become the nation’s sixth largest owner of residential servicing contracts.Read More
Mortgage Advisory Firm Collingwood Group Acquired by Global Player Situs May 3, 2017 Brandon Ivey Collingwood was founded in 2009 by industry veterans Brian O’Reilly, Brian Montgomery and Tim Rood. Read More
Ocwen in Negotiations to Sell Large Block of Servicing to New Residential May 1, 2017 Paul Muolo The transaction was mentioned during New Residential’s earnings call Monday morning and confirmed by a source...Read More
Short Takes: A REIT in Love with MSRs / No. 2? / The Fortress Connection for New Rez and Nationstar / Phoenix Selling Whole Loans / Kaplan Departs Ranieri Companies May 1, 2017 Paul Muolo At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…Read More
Ocwen Agrees to Sell $117 Billion of MSRs to New Rez; REIT Would Obtain 4.9% of the Troubled Servicer; Share Price Spikes May 1, 2017 Paul Muolo On the news, Ocwen’s share price was up a stunning 37 percent on the day to $3.15.Read More
Mortgage M&A Percolates; Texas Advisor Working on At Least Six Deals April 27, 2017 Paul Muolo Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”Read More
Incenter Selling Fannie/Freddie Flow Servicing Rights April 27, 2017 Paul Muolo The range on the flow or co-issuance arrangement is $35 million to $50 million per month.Read More
Servicing Transfer Activity Slowed in 1Q17; Fannie’s Temporary Freeze a Factor April 24, 2017 John Bancroft Matrix Financial Services edged out Lakeview Loan Servicing as the top acquirer of servicing rights through co-issuance deals…Read More
Signs of Life in Ginnie Mae Servicing Sales? MIAC Out with a $2.1 Billion Package April 24, 2017 Paul Muolo The MSR portfolio that MIAC is selling has an average FICO score of 672…Read More
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