As we all know, JPMorgan Chase is the (happy) winning bidder on $70 billion of mortgage servicing rights sold by MetLife, the insurance conglomerate that entered the mortgage business at its nadir, and then pulled a Sybil and decided to get the heck out. One of these days some enterprising young reporter should do a case study on what the heck went wrong at MetLife. Its mortgage business was expanding nicely, making money, and then poof. Meanwhile, JPM won’t say what it paid for MetLife’s MSRs but the rumor mill is suggesting that it’s in the range of 65 to 85 basis points.
So, What Did JPMorgan Chase Pay for MetLife's MSRs?
NOV 28, 2012 12:04pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
- How Democrats and Republicans Differ on Next Steps for Housing
- Fannie and Freddie Still Encourage Biased Appraisals
- How This California Loan Officer Makes Her Moo-la
- Marketing Tool Uses Big Data to Predict Home Buyers and Borrowers
- Democratic Platform Shifts from Post-Crisis Recovery to Housing Access
- Simplifile Q2 2016 Report Finds Emerging Preference Among Lenders for Settlement Partners Who E-Record
- Another 23 Counties Across South, Midwest Adopt Simplifile E-Recording
- Simplifile Staffs Up to Support Mortgage Lender Initiatives
- Assurant Acquires American Title, Leader in Title and Valuation Latest Expansion of Capabilities in Housing Market
- Capsilon Announces Growth Investment from Francisco Partners