PHH closes sale of Freddie MSRs to New Residential

February’s foreclosure inventory fell to lowest rate since 1999 February’s foreclosure inventory fell to lowest rate since 1999 Strong levels of employment and continued economic expansion drove February’s mortgage delinquencies and foreclosures to 20-year lows, according to CoreLogic.

Back in December 2016, Mount Laurel, New Jersey-based PHH disclosed plans to sell its MSRs on $72 billion in loans to New Residential Mortgage LLC. PHH indicated at the time that a subservicing agreement with New Residential has it subservicing 480,000 loans underlying the MSRs for an initial period of three years.

New Residential Announces Fourth Quarter & Full Year 2017 Results NEW YORK-(BUSINESS WIRE)-New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) today reported the following information for the fourth

New Residential Investment Corp NRZ:NYSE – research.tradeking.com – PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today announced that it has entered into an agreement with New Residential Investment Corp. (NYSE: NRZ) ("New Residential") for the sale of its entire portfolio of mortgage servicing rights ("MSR") and related servicing advances, excluding the Ginnie Mae ("GNMA") MSRs and related servicing.

In addition, on June 16, 2017, PHH Mortgage entered into the MSR Portfolio Defense Agreement with New Residential (the "MSR Defense Agreement"), which was a condition to the closing of the initial sale of MSRs under the Sale Agreement.

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As of June 30, 2018, the fair value of our owned capitalized MSRs was $46 million, of which $30 million are private investor MSRs committed for sale under the New Residential sale agreement.

Largest Holders of MSRs Continue to Manage Risk Effectively Risk management activities for 14 of the largest holders of residential mortgage servicing rights (MSR) produced an average net gain in asset value of 0.4% during the first quarter of 2018, according to the latest MSR Industry Report produced by MountainView Financial Solutions, a Situs company.

 · AUSTIN, TX – March 28, 2019 – HFF announced it has closed the sale of Villas on 26th, a luxury student housing property serving The University of Texas at Austin (UT Austin). HFF worked on behalf of the seller, Zucker Properties. Arrimus Capital purchased the.

 · At June 30, 2018, our subservicing portfolio consisted of approximately 551,000 units, up 57% from June 30, 2017, reflecting the addition of subserviced loans.

Freddie Mac’s nonperforming mortgage sale has a pool for nonprofits. HomeStreet Bank selling $14B in MSRs to New Residential, PennyMac. New residential investment corp. expects to raise $433 million from a follow-on offering of 25 million shares of its common stock it priced on Nov 1.

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