Movement executed a trade on May 7, selling a $4.4 billion MSR package primarily consisting of government loans to Freedom Mortgage. This sale enhances Movement’s market position, facilitating price improvements on FHA and VA products. The capital markets team is focused on optimizing loan execution via various sales methods while working with Aggregators for competitive pricing. Although Movement aims to retain solicitation rights after sales, it did not do so for this portfolio.
The recent $4.4 billion MSR sale to Freedom Mortgage enhances Movement’s market position and allows for improved pricing strategies to meet buyer demand.
Movement's strategy emphasizes collaboration with Aggregators to provide competitive pricing, allowing loan officers to secure better rates from internal and market sources.
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