The bulk servicing market is beginning to generate heat. The latest offering comes from Interactive Mortgage Advisors, but other deals are in the works as well.
Wells Fargo has unloaded most of - but not all - of its remaining servicing rights tied to reverse mortgages. However, the bank says it is still "committed" to seniors through home equity loans.
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
Bank of America is once again offering for sale a large package of mortgage servicing rights and at least a half-dozen or so buyers are lining up to bid.
An Arizona court is expected to rule soon on whether to approve a proposed asset and stock purchase agreement worth up to $267 million between the appointed receiver of PMI Mortgage Insurance Corp. and private-equity investor Arch Capital.
Sellers of 'flow' and 'bulk' mortgage servicing rights are seeing a noticeable increase in prices for their MSRs as buyers chase both quality and bargains.
Fannie Mae may be having second thoughts about selling nonperforming loans into the secondary market where cash-rich investors are waiting with bated breath.