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Some MSR holders are considering bringing their servicing in-house to gain more direct control over their assets, said David Fleig, CEO of MorVest Capital.
Mortgage bankers facing new demands on their businesses are becoming increasingly interested in new sources of liquidity, particularly through mortgage servicing rights financing vehicles.
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"A lot of work goes into putting these bids out and that means there is a lot of risk if that deal doesn't go through," said LoanLogics CEO Brian Fitzpatrick.
Long before regulators put the spotlight on servicing-rights transfers, there were signs that many deals weren't going smoothly, leaving both borrowers and investors at risk.
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