TMS Closes Two MSR Transactions

NationalMortgageProfessional.com

Sep 17, 2018

TMS has announced it has successfully completed two major mortgage-servicing right (MSR) transactions and plans to buy more, as it continues to rapidly grow its $30 billion portfolio.

The purchases kick off TMS’s new push to acquire and finance MSRs due to the continued growth of its industry-leading subservicing platform SIME (Servicing Intelligence Made Easy), and its ability to seamlessly and efficiently transfer rights.

With only a handful of eligible Ginnie Mae MSR buyers in the market, TMS is actively searching for strategic MSR opportunities that are around the $1 billion mark. TMS also offers special pricing to companies who are already correspondent sellers or who have recently started a subservicing relationship with TMS.

“Our decision to now buy and finance MSR transactions is the perfect next step for TMS as we take SIME to a whole new level,” said TMS President Ali Vafai. “Sellers no longer have to be afraid of their borrowers getting lost or upset in the selling process. With SIME, we can manage the asset better than anyone else and ensure a smooth transition.”

Link copied

Published

Sep 17, 2018

Analysis and Data

RE/MAX: February Home Sales Rose 1st Time In 6 Months

Housing inventory levels increased year over year for the 10th consecutive month.

While they remain down 24.4% year over year, home sales in February increased 16.8% from January, according to a monthly report from RE/MAX. The national real estate company said the nearly 17% jump was the largest month-over-month increase in 11 months and ended a five-mo...

Analysis and Data

Goldman Sachs: Housing Affordability Biggest Challenge For Market

Says its housing affordability index is at an historically low level.

Affordability is the biggest challenge facing the U.S. housing market, according to strategists with Goldman Sachs Research. In a report included in its Briefings newsletter, the strategists said the Goldman Sachs Housing Affordability Index — which measures the extent to ...