In a significant move, Mr. Cooper has acquired Flagstar’s mortgage operations for $1.4 billion. The acquisition includes Flagstar’s Mortgage Servicing Rights (MSRs), advances, subservicing contracts, and a third-party origination platform. This acquisition marks a major development in the mortgage industry landscape.
Key elements of the acquisition:
– Mr. Cooper pays $1.4 billion for Flagstar’s mortgage operations
– Acquisition includes Flagstar’s MSRs, advances, subservicing contracts, and third-party origination platform
– Represents a significant move in the mortgage industry
– Indicates a major development in the mortgage industry landscape
You can read this full article at: https://wrenews.com/mr-cooper-pays-1-4-billion-for-flagstars-mortgage-operations/
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