A major deal in the mortgage industry has recently been announced, involving Home Equity Conversion Mortgages (HECMs) and mortgage servicing rights (MSRs) with a substantial estimated unpaid principal balance of $3 billion. The MSRs in question are currently being subserviced by Onity subsidiary PHH Mortgage Corp.
Key points:
– Deal involves HECMs and MSRs with $3 billion in UPB
– MSRs currently being subserviced by Onity subsidiary PHH Mortgage Corp
– Significant development in the mortgage industry with implications for various stakeholders
You can read this full article at: https://www.housingwire.com/articles/onity-group-strikes-deal-for-55m-in-mam-assets/(subscription required)
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