UBS Selling Mortgage Servicer SPS for Breakeven Price August 14, 2024 Brandon Ivey Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.Read More
Short Takes: New Mortgage Reinsurer / Rocket Consistent With CES Securitizations / DSCR Loans in Non-Agency MBS / Growing Through Selling Servicing August 13, 2024 Brandon Ivey Skyward Specialty Insurance Group launched a mortgage reinsurance business.Read More
Servicing Transfers More Than Double in 2Q and Then Some July 29, 2024 John Bancroft More than half of the second-quarter bulk deals were attributable to two buyers: Mr. Cooper Group and Lakeview...Read More
Short Takes: Mr. Cooper’s Growth / Bank Regulators Reviewing Regulations / TransUnion Sees Higher Revenue on Lower Inquiries / Jumbo MBS From Morgan Stanley July 26, 2024 Brandon Ivey Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.Read More
Mr. Cooper to Acquire Most of Flagstar’s Mortgage Business July 25, 2024 Brandon Ivey Mr. Cooper will pay $1.4 billion for Flagstar Bank's servicing portfolio and third-party originations platform.Read More
Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model July 23, 2024 Brandon Ivey Non-QM lender Acra Lending has been profitable in the last three years.Read More
Bain Jumps Into the Fix-n-Flip Market With Acquisition July 8, 2024 Paul Muolo A few months back, Bain bought a stake in two different mortgage software companies...Read More
A Lull in Mortgage Servicing Sales. Will It Last? June 24, 2024 Paul Muolo This year, MSR sales could drop to $500 billion, still a great year historically speaking...Read More
Short Takes: Big Buying Plans for Freedom? / Go With Debt / No Impact / JPM’s Flagstar Plans? / FHFA’s New Congressional Liaison June 24, 2024 Paul Muolo Freedom Mortgage reportedly has an unquenchable thirst for MSRs these days, including higher coupon product.Read More
Short Takes: VA Adjusts on Commissions / Locks for Refis Jump / UWM Fueling Annaly’s ECM MBS / Broker Groups Form Alliance / Great Ajax Shifts Focus June 11, 2024 Brandon Ivey VA stressed that borrowers should still negotiate their buyer-broker fee and that homebuyers can still ask sellers to pay the fees at closing.Read More