BSI to purchase mortgage servicing rights following capital raise

 · Mortgage servicing rights increase in value as interest rates rise. However, there are some REITs that not only purchase mortgage-backed securities, but also purchase mortgage servicing rights. Examples of these companies would be Nationstar (NSM) and Ocwen (OCN). Mortgage servicing rights are an interesting type of financial asset in.

Under the terms of the asset purchase agreement,* Citizens’ wholly-owned subsidiary, Citizens Bank, N.A., will purchase assets with a net book value of approximately $488 million, which includes a mortgage servicing rights portfolio valued at $550 million, for $511 million in cash, or approximately 1.1 times tangible book value. The.

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“The seasonal purchase market. a 25 percent increase from the prior quarter primarily driven by higher interest rates and increased financing costs driven by the growth in investments. Net mortgage.

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RPMS services loans for a variety of Investment Banks, PE firms, hedge funds, mortgage banks, credit unions/CUSOs. BSI Financial announced that it is purchasing mortgage servicing rights funded by a nine-figure cap raise that generated nearly three times the amount targeted. Lenders can elect to sell MSRs on either a bulk or flow basis.

BSI to purchase mortgage servicing rights following capital raise | National Mortgage News "With our new MSR acquisition capability we offer our existing subservicing clients as well as other lenders interested in selling servicing rights the value of convenience and liquidity," Gagan Sharma , BSI Financial president and CEO, said in a press.

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