PHH closes sale of Freddie MSRs to New Residential

Although yesterday was a Federal holiday and we should have all had the day off, the number of residential. forms! PHH noted that, "FHLMC Relief Refi Open Access loans with an application date.

Existing-home sales ease more than forecast to 5.2 million Existing home sales decreased in January, seeing the largest annual decline in more than three years, according to the latest release from the National Association of Realtors. Total existing home.

PHH, Celink, Provident Funding, Ocwen, Select Portfolio Services, Specialized Loan Servicing, and NationStar. Remember that these guys don’t own the servicing asset (mortgage servicing rights: MSRs).

In early February, we closed the initial sale of MSRs to Lakeview for total expected proceeds of $88 million. The transactions with New Residential and Guaranteed Rate Affinity require shareholder approval which we are targeting to complete in the second quarter of 2017.

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A new theme. of Fannie Mae MSRs from Residential Capital and Bank of America. They also took advantage of a corporate development opportunity to acquire the MetLife Bank servicing platform and.

Revenue recognized from the origination and sale of mortgage loans consists of gains on sale. 2017, primarily due to MSRs recorded on new loan originations. Our capitalized mortgage servicing.

Rising rates stifle mortgage application volume Mortgage lenders in the US saw an increase in loan applications last week as interest rates slipped below 5 per cent for the first time in nearly three months. The average interest rate for 30.

Freddie Mac Mortgage Servicing Rights ("MSRs") – As part of the acquisition, New Residential will first settle on approximately $8 billion UPB of Fannie Mae and Freddie Mac MSRs from Shellpoint. Between such settlements and the closing of the corporate acquisition described below, the $8 billion UPB of Agency MSRs will be subserviced by Shellpoint.

PHH announced last week that it would sell off its remaining mortgage servicing rights portfolio to New Residential Investment. Based on the MSR portfolio composition as of Oct. 31, 2016 and.

NEW YORK, Dec 28, 2016 (BUSINESS WIRE) — New Residential Investment Corp. NRZ today announced it has entered into an agreement (the "Purchase Agreement"),

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Kroll Bond Rating Agency (KBRA) releases recap on SFIG’s annual Residential Mortgage Finance Symposium which was held in New York City on October 29 [th. The importance of rating agency pre-sale.

Our owned MSR at the end of the third quarter is comprised of $38 million of MSRs that are committed for sale to new residential, $5 million that are committed to other counter parties, and $17.

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