Buyers looking to get their hands on some Fannie Mae and Freddie Mac mortgage servicing rights have that opportunity, as a $6 billion bulk residential mortgage servicing rights portfolio that features loans backed by Fannie Mae and Freddie Mac is available for sale.
Buyers hoping to get their hands on some Ginnie Mae mortgage servicing rights have that opportunity, according to Interactive Mortgage Advisors, which announced Friday that it is acting as the exclusive broker for the sale of a $3 billion bulk Ginnie Mae mortgage servicing rights portfolio.
Buyers looking to score some Ginnie Mae servicing are in luck. Interactive Mortgage Advisors announced the sale of a $4 billion Ginnie Mae bulk portfolio of residential mortgage servicing rights. And according to Thomas Piercy, managing member of Interactive Mortgage Advisors, the portfolio is “most likely the best Ginnie Mae deal offered this year.”
Finishing up the year, Interactive Mortgage Advisors’ latest bulk residential mortgage servicing rights offering features an extremely low interest rate and quality MSRs from an independent mortgage bank.
Fannie Mae and Ginnie Mae each back a separate pool of the underlying loans. IMA is requesting separate bids to be submitted for the Fannie pool and the Ginnie pool to allow consideration by the seller to sell the pools separately.
IMA is overseeing the sale of a Northeast mortgage banker that has retail/wholesale originations and a $1 billion mortgage-servicing rights portfolio with Fannie Mae, Freddie Mac and Ginnie Mae approvals in good standing.
While other state and federal regulatory bodies overlap in their regulation of the mortgage industry, the very particular consumer focus of the CFPB is not duplicated by any other body. Will deregulation mean a return to the Wild West lending atmosphere that led to the financial crisis? What happens next? We asked John Socknat, partner at Ballard Spahr, to weigh in on what mortgage lenders and servicers can expect from a Trump administration.
Amid the potential new direction from the White House, Congress and regulators, leadership in our industry is more important than ever. Which is why HousingWire is proud to present the 40 winners of our 2016 Vanguard award. These leaders from all segments of the mortgage ecosphere demonstrate that our industry is more than capable of meeting the challenges that lie ahead.
The marketplace is full of hard and private money lenders — it will come down to who can best assist investors in completing their goals, whether that be by providing quicker close times, or with more accurate valuations. With how many options there are for borrowers, lenders will need to start competing for marketshare as borrowers shop their situations to multiple lenders, leveraging the offers against each other. This process will force lenders to update their guidelines, or be forced out of the market.