The tide is starting to turn in favor of servicing sales where higher note rates are involved. Don’t expect premium prices or a tsunami of deals, but at least it’s an outlet.
Cenlar, the big kahuna of subservicing, could be poised for explosive growth. There’s just one problem: The outsourcer is still operating under OCC-imposed limitations. But for how much longer?
Concerns are growing that a credit crunch of sorts might be on the way for nonbanks as federally insured warehouse lenders begin to pull back. At least one veteran player, Comerica, has exited the space.
What’s a mortgage CEO worth these days? If it’s a public company, that’s a decision for shareholders and the board. Most senior managers had their pay reduced last year, but not all. (Includes data chart.)