The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Nearly $1 billion in Fannie MSRs hit the sales block

Sales of mortgage servicing rights pick up in 4Q

Valuation advisor MountainView Servicing Group is overseeing the sale of $901 million in mortgage servicing rights tied to Fannie Mae loans.

This deal comes on the heels of more companies offloading mortgage servicing rights.

The portfolio is comprised of low risk and high quality loans.

Furthermore, features of the portfolio include 99.9% fixed-rate, 100% first-lien product and an average FICO score of 762.

The average loan-to-value of the portfolio is 69%, with an average interest rate of 3.74%, 3.85% on the 30-year, fixed-rate product, and low delinquencies.

"This is an outstanding opportunity to pick up low-coupon servicing predominantly concentrated in western states," said Robert Wellerstein, managing director at MountainView Servicing Group and the lead advisor on the sale.

"In addition, the origination was 99% retail and from a top-tier independent mortgage banker," Wellerstein added.

The loans included in the portfolio average $263,492 in size, with California, Colorado, Washington, and Arizona making up most of the portfolio at 55.2%, 11.6%, 7.7% and 5.7%, respectively.

Despite a rumored slowing in the sales of Fannie and Freddie MSRs in the fourth quarter, a spokesperson with MountainView said they actually started to see a real uptick in sales in mid-September and the pace hasn’t slowed in October and November.

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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