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Nationstar scoops huge Fannie, Freddie mortgage servicing portfolio

The loans are owned or guaranteed by Fannie Mae or Freddie. for a portfolio of ResCap loans with a $1.5 billion bid. Also this week, Ocwen Financial Corp. made a $3 billion winning bid for ResCap’s.

Nationstar scoops huge fannie, Freddie Mortgage Servicing Portfolio Housing Wire, Jan. 21, 2015–Swanson, Brena Nationstar Mortgage Holdings announced it purchased mortgage servicing rights with an $8.5 billion unpaid principal balance from a top-four financial institution, adding to its recent rapid growth. (More)

Ocwen Financial Corp. agreed to sell mortgage servicing rights on an additional $25 billion of loans held by Fannie Mae and Freddie Mac to Nationstar Mortgage Holdings Inc., as the embattled mortgage-servicing company continues to scale back its business. The deal comes just hours after Ocwen.

Nationstar Mortgage Services ($0.00 0%) closed on a deal to buy $16.1 billion in servicing rights previously owned by Aurora Bank.. The rights are tied to loans bundled into Fannie Mae and Freddie Mac pools, according to a financial filing.. In March, Aurora agreed to sell billion in MSRs to Nationstar..

Nationstar Mortgage Holdings, Inc. had earnings per share of $0.74. The servicing pipeline was flat at $300 billion but the servicing portfolio decreased during. an economy out of recession.).

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The California Mortgage. payments to Fannie Mae and Freddie Mac. The servicer, which the report does not identify by name but everyone besides me seems to know with certainty, used short-term.

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OCN will sell $45 billion worth of mortgage. servicing rights to some $45 billion worth of Fannie Mae mortgages. Ocwen did not name the buyer of the portfolio, but this deal dwarfs the $9.8 billion.

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A recent report from Moody’s Investors Service said that privatizing Fannie and Freddie is unlikely to happen. As Bray notes, much of Nationstar’s business comes from mortgage servicing, and higher.

 · The term mortgage servicing right or "MSR" generally describes a party’s contractual rights with respect to servicing or controlling the servicing of a pool of mortgage loans owned by others, including the entitlement to receive servicing compensation.