New Residential closes purchase of PHH’s Fannie MSRs

Walter Investment Management Corp. Closes On Purchase Of $132 Billion UPB Of Fannie Mae MSRs And Completes Acquisition Of ResCap Originations And Capital Markets Platform

What are MSRs and what are the risks. The current environment for MSRs. In the wake of rising interest rates, many mREITs have decided to purchase large. servicer, like New Residential, has to keep.

PHH CORPORATION (NYSE:PHH) Files An 8-K Entry into a Material Definitive Agreement Item 1.01. Entry into a Material Definitive Agreement. Agreement for the Purchase and Sale of Servicing Rights On.

I. Settlements on Approximately $8 Billion UPB of Fannie Mae & Freddie Mac Mortgage Servicing Rights (‘MSRs’) – As part of the acquisition, New Residential will first settle on approximately $8.

Settlements on Approximately $8 Billion UPB of Fannie Mae & Freddie mac mortgage servicing rights (“msrs. New Residential will acquire 100% of the outstanding equity interests of Shellpoint. The.

("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.

Ellie Goulding - Your Song PHH to Sell Remaining MSRs for $912M | American Banker – PHH is selling its remaining residential mortgage servicing portfolio to the real estate investment trust New Residential.. PHH to Sell Remaining MSRs for $912M BB&T and SunTrust vow to minimize employee, client defections. The deal is expected to close in the second quarter of 2017 and.

New Residential Investment Corp. has agreed to acquire New York City-based Shellpoint Partners LLC, a mortgage platform. The price of the transaction was about $190 million. Houlihan Lokey Capital.

Application volume rises even with little movement in rates Mortgage activity continued strong during the second week of the New Year. The Mortgage bankers association (mba) reports that its Market Composite Index, a measure of loan application volume.Rising rates now affecting purchase mortgage application activity Now. rate. The 30-year fixed-rate mortgage also declined, stopping a run of six straight weekly increases." Mortgage applications to purchase a home increased 3 percent from one week earlier but.

GENERAL New Residential. ("PHH") to purchase the MSRs and related Servicer Advances with respect to approximately $72.0 billion in total UPB of seasoned Agency and private-label residential.

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This sale rides on the coattails of New Residential’s $950 million purchase of Citigroup’s servicing rights back for Fannie Mae- and Freddie Mac0back loans in January, as reported by Bloomberg.

In addition, New Residential will purchase. close in the first half of 2017. However, it is still subject to shareholder approval, as well as final approval from Fannie Mae, Freddie Mac and the.