Tagged: MSR

Home equity drives growth in direct-to-consumer and correspondent channels as Rocket merger planning ramps up

Company sees net loss of $23.9 million for quarter due to valuation adjustment on MSRs

Soon-to-be interim CEO Hsieh says company will focus on multi-channel sales model, proprietary tech stack, and servicing business

President and CEO Ishbia underscores operational capacity and efficiency, hints at big moves to come

Mr. Cooper Group closes the acquisition of Flagstar Bank for $1.3 billion in cash.

MSRs are back to trading at a premium of roughly 5x multiples of servicing fees for agency loans.

More layoffs are expected following Mr. Cooper mortgage servicing sale expected to close during the fourth quarter

Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights held by Annaly.

Industry veteran had worked for BlackRock, Federal Reserve Bank of New York.