New Residential closes purchase of PHH’s Fannie MSRs

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New Residential Investment Corp. (NYSE: NRZ) announced it has entered into an agreement, through its wholly-owned subsidiary New Residential Mortgage LLC ("NRM"), to purchase approximately billion UPB (480,000 loans) of seasoned Agency and private-label mortgage servicing rights ("MSRs") from PHH Mortgage Corporation. The total

PHH selling off entire mortgage servicing rights portfolio New Residential buying up all PHH’s MSRs, PHH will subservice for 3 years. When the initial sale under the transaction closes, PHH.

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including its relationship with New Residential Investment Corp. (NRZ); our ability to transition loan servicing to the Black Knight Financial Services, Inc. LoanSphere MSP® servicing system within.

GSEs transfer $5.5B of credit risk in 1Q: FHFA Good/Bad Housing Markets In 2014 May Be a Surprise – FHFA / Freddie Mac / MBA. the GSEs transferred $5.5 billion of credit risk in the first quarter. F&F transferred $5.5B of credit risk on $174B of mortgages in their portfolios to buyers with.

Our net interest income includes the actual interest payments we receive on our Excess MSRs, Agency RMBS and other residential mortgage assets and is also impacted by the amortization of purchase.

Chicago developer sentenced for loan fraud Two Suburban Developers And An Attorney Among Six Defendants Charged With Mortgage Fraud . CHICAGO- A federal grand jury returned a 25-count indictment yesterday charging six defendants with devising and participating in a mortgage fraud scheme which caused more than $16 million in losses to banks, mortgage lenders, Fannie Mae, and Freddie Mac.

The purchase will make Nationstar the nation’s seventh largest servicer overall with receivables of close to $170 billion, according to figures compiled by ASR sister publciation national mortgage news and the Quarterly Data Report. Last month NMN broke the news that Nationstar was likely to buy the ALS MSRs. The sale was announced Tuesday morning.

Our common stock is listed and traded on the New York Stock Exchange. payments we receive on our Excess MSRs, RMBS and other residential mortgage assets, if any, and is also impacted by the.

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New Residential agreed to pay PHH, based in Mount Laurel, N.J., a total of $912 million; $612 million of that is for the servicing rights and $300 million is for the rights to receive money that PHH has advanced to holders of bonds backed by delinquent mortgages.

New Residential to buy mortgage platform Shellpoint. Consummation of the Shellpoint acquisition is expected to occur in two stages: I. Settlements on Approximately $8 Billion UPB of Fannie Mae & Freddie Mac Mortgage Servicing Rights ("MSRs") – As part of the acquisition, New Residential will first settle on approximately $8 billion UPB.

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In "the old days," Fannie and Freddie would bring out the new limits on the. business with its purchase of Homeward Residential, I received a note clarifying things from CMC. To clarify, "Homeward.