"Because we are constantly creating MSRs through our mortgage origination business, we are regular sellers of MSRs because we are mindful of our Basel III limit," said Lee Smith, Flagstar's chief financial officer, referring to capital restrictions on mortgage servicing rights.
Market for Mortgage Servicing Rights Heats Up
Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.  more »
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MountainView Servicing Group said Friday that it is the exclusive advisor for the sale of a bulk mortgage servicing rights portfolio with Fannie Mae, Freddie Mac and Ginnie Mae loans.
Mortgage professional hiring and new job appointments for the week ending May 6.
A bill that would give California widows and widowers greater protections against foreclosure passed a state Senate committee.
Under the Federal Housing Finance Agency's new mortgage modification program, less than 1% of all seriously underwater properties might qualify for principal loan forgiveness, according to RealtyTrac.
Bill McDaniel, a Collier County, Fla., commission candidate running on his record as a businessman, owns two companies that are at least two years late paying property taxes and owe a total of more than $140,000 to Collier and Hendry counties.
Fewer homeowners in Southwest Florida are struggling to stay above water this year.
PHH Corp. reported a first-quarter loss of $30 million, which included a $10 million pretax adjustment to the value of its mortgage servicing rights.
Nationstar Mortgage Holdings reported a $132.4 million loss for the first quarter of 2016, showcasing once more the toll falling interest rates have taken on companies across the mortgage industry.
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