#mortgage-servicing-rights

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Business
fromwww.housingwire.com
6 days ago

Exclusive: CrossCountry Mortgage CEO unveils organic growth strategy

CrossCountry Mortgage prioritizes organic growth by acquiring MSRs and building an asset management arm instead of pursuing mergers and acquisitions.
Real estate
fromwww.housingwire.com
1 week ago

PennyMac, Annaly Capital enter subservicing partnership

Annaly formed a strategic partnership with PennyMac to strengthen its MSR portfolio, expand subservicing and recapture capabilities, and optimize capital through active management.
fromwww.housingwire.com
2 weeks ago

CrossCountry Mortgage closes $900M debt issuance

Fitch cited CCM's strong market share in the distributed retail channel, solid operating track record, experienced management team and conservative leverage as credit strengths. The company ranked as the eighth-largest lender in the first half of 2025, with $23.05 billion in originations, according to Inside Mortgage Finance. But Fitch also flagged challenges, including exposure to cyclical mortgage market conditions, reliance on secured short-term wholesale funding, regulatory risk tied to Ginnie Mae loans and key personnel risk related to majority shareholder Ron Leonhardt.
Business
fromwww.housingwire.com
1 month ago

UWM raises $1B in oversubscribed debt deal ahead of November maturity

UWM Holdings Corporation has closed the issuance of $1 billion in senior notes, an oversubscribed transaction that comes just two months before the maturity of its existing notes. The company initially planned to issue $600 million. Proceeds, due November 15, will be used to repay $800 million in senior notes that carry a 5.5% coupon, to pay down mortgage servicing rights (MSR) facilities, and UWM will apply the remainder for general working capital, according to a filing with the Securities and Exchange Commission (SEC).
Business
fromwww.housingwire.com
1 month ago

Mr. Cooper stockholders approve Rocket deal

Rocket and Mr. Cooper's board of directors signed off on the deal in late July. Rocket Holdings Inc. which controls 79% of Rocket's voting power already provided written consent for the stock issuance, removing the need for a Rocket shareholder vote. In late August, the Federal Housing Finance Agency (FHFA) approved the merger, subject to a 20% cap on Fannie Mae and Freddie Mac servicing exposure for the combined company.
Business
Real estate
fromwww.housingwire.com
1 month ago

Analysts split on what happens next with RocketMr. Cooper servicing book

FHFA approved Rocket's acquisition of Mr. Cooper but imposed a 20% cap on Fannie/Freddie servicing exposure, constraining combined servicing and subservicing market share.
SF real estate
fromwww.housingwire.com
4 months ago

Rocket, PennyMac price new debt offerings

Fitch Ratings assigned a BBB- rating to Rocket's notes; leverage profile remains stable post-acquisition.
PennyMac's $100 million note issuance reflects a strategy to diversify funding and strengthen its mortgage servicing capabilities.
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