Bulk servicing sales are beginning to catch fire. Credit: rising rates and slower prepayment speeds. Moreover, dealmakers anticipate a red-hot third quarter for transactions.
Some investors in mortgage equities are putting their money to work elsewhere, but that hasn’t stopped fintech lender Better.com from entering into a SPAC/IPO maneuver. Launch time: the fall of 2021.
Last week, word began to leak out that Caliber Home Loans was talking to New Residential Investment Corp. about a deal. Turns out, the sale chatter was true.
SoftBank places a $500 million bet on the digitization of residential finance by taking a stake in Better.com. Also, mortgage earnings season has begun.