The recently announced sale of servicing assets on more than $300 billion in unpaid principal balance may represent one of the largest chunks to move from the banking system to nondepository servicers, but executives in the specialty servicing sector emphasized that they still see plenty more coming down the pipeline.
“We’re optimistic that there’ll be more to do,” Nationstar Mortgage Holdings Inc. CEO Jay Bray said. The CEO of competitor Walter Investment Management Corp. agreed, putting his company’s own exclusive pipeline at about $60 billion.
Analysts expect more servicing asset transfers
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products