Wells Fargo, JPMorgan Chase and Flagstar are all working on large servicing deals, but as sellers. Meanwhile, HUD is worried about lower GSE loan limits.
Two Harbors revealed that it sold several billions of dollars worth of agency MBS in the third quarter as the assets became less attractive with rising rates. The proceeds will be used to buy MSRs.
Look for an update late Thursday on the sale of Cole Taylor Mortgage. Meanwhile, does anyone care that credit unions are holding 30-year jumbo mortgages in portfolio?
With mortgage rates at their highest level in more than two years, the long-awaited boom in mergers and acquisitions may finally be here. But dont expect sellers to accept just any price. M&A is picking up, said Larry Charbonneau, who runs a boutique advisory firm, Charbonneau & Associates. The big fish want to buy the small ones, but the small ones dont know if its in their best interest to sell yet. Charbonneau points out...