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Mariel Alumit
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Comments Off on Rithm to acquire MSR player Computershare Mortgage Services for $720M
Real estate investment trust Rithm Capital Corp has entered into a definitive agreement to acquire Computershare Mortgage Services Inc. for about $720 million, the companies announced Monday. The deal includes the purchase of Specialized Loan Servicing LLC. The deal […]
Mortgage demand falters as rates inch past 7%
September 28, 2022
Allen Santos
Housing Wire
Comments Off on Mortgage demand falters as rates inch past 7%
Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% for […]
Wells Fargo is selling a $50B package of MSRs
April 14, 2023
Mark Paul Cervantes
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Comments Off on Wells Fargo is selling a $50B package of MSRs
Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert in the MSR sector, who […]