MSRs
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Here’s how and why CitiMortgage is leaving mortgage servicing
Jan 30, 2017CitiMortgage surprised few in the housing business on Monday when it announced that it agreed to a massive mortgage servicing rights deal with New Residential Investment and Nationstar Mortgage. As it often is with deals of this type, the devil is in the details. And one of the details of this deal is that the MSR sale is a precursor to CitiMortgage completely exiting the mortgage servicing business. Here’s a breakdown of how the deal works, and why Citi plans to leave mortgage servicing behind.
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CitiMortgage exits mortgage servicing business
Jan 30, 2017 -
PHH selling off entire mortgage servicing rights portfolio
Dec 28, 2016 -
Walter Capital Opportunity Corp. selling $10 billion MSR portfolio to New Residential
Nov 16, 2016 -
More trouble for Walter Investment as nonbank posts third straight big loss
Nov 09, 2016 -
Ocwen returns to profitability for first time since Q2 2015
Oct 26, 2016 -
$3.2 billion Fannie Mae, Freddie Mac MSR portfolio hits the market
Sep 19, 2016 -
FHA makes it easier for struggling borrowers to keep their homes
Aug 25, 2016 -
$2.8 billion in Fannie Mae, Freddie Mac mortgage servicing rights up for sale
Aug 24, 2016 -
Is there a light at the end of the tunnel for Ocwen?
Jul 27, 2016 -
PHH sinks as low interest rates destroy mortgage servicing
May 04, 2016
