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Flurry of bank-related MSR deals go up for bid

The transactions, combined with news Wells Fargo will be shedding some mortgage servicing rights, add to indications that prices for investors may be more favorable this year. ....

United States , Freddie Mac , Mike Carnes , Fannie Freddie , Tom Piercy , Ginnie Mae , Mortgage Industry Advisory Corp , Evaluation Group , Fannie Mae , Wells Fargo , Incenter Mortgage Advisors , Mortgage Industry Advisory , Incenter Mortgage , Secondary Markets ,

Servicing prices are likely to be flatter in 2023

MSR trading is picking up a little from its seasonal lull but values may not get as high as they did last year, some experts say. ....

Freddie Mac , Mike Carnes , Nick Smith , Tom Piercy , Ginnie Mae , Mortgage Industry Advisory Corp , Evaluation Group , Fannie Mae , Rice Park , Mortgage Industry Advisory , Incenter Mortgage Advisors , Secondary Markets ,

Nearly $7 billion in mortgage servicing rights go up for bid

The package, which Incenter is brokering on behalf of an unnamed mortgage banker, is primarily concentrated in California and Colorado. ....

United States , Tom Piercy , Fannie Mae , Freddie Mac Backed , Mortgage Electronic Registration System , Incenter Mortgage , Secondary Markets ,

"Last night, my Uber driver was a loan officer."

Nonbank mortgage lenders in September alone slashed some 8,200 jobs. The cutting is hitting bone now, with loan officers’ jobs increasingly on the chopping block. ....

United States , Raymond James , Ingeniu Walton , John Toohig , Jeff Walton , Tom Piercy , Brett Ludden , Garth Graham , David Hrobon , Stratmor Graham , Fitch Ratings , Bureau Of Labor Statistics , Federal Reserve , Stratmor Group , Athas Capital Group , Mortgage Bankers Association , First Guaranty Mortgage Corp , Us Bureau Of Labor Statistics , Wells Fargo , Institute Housing Finance Policy Center , New American Funding , Inside Mortgage Finance , Labor Statistics , Urban Institute , Housing Finance Policy Center , Sterling Point Advisors ,

The great mortgage bank consolidation wave is underway

Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of still-rising inflation and interest rates. We explore who's selling, who's buying, and who's dying. Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of still-rising inflation and interest rates. We explore who's buying, who's selling and who's dying. ....

United States , Sterling Point , Brett Ludden , David Hrobon , Garth Graham , Tom Capasse , Tom Piercy , Andrew Rhodes , Mike Fratantoni , Stratmor Group , Mortgage Bankers Association , Federal Reserve , Sterling Point Advisors , New York Based , Waterfall Asset Management , Bill Shirreffs , Mortgage Capital Trading , East Coast , Incenter Mortgage Advisors ,