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Hitting the red-hot specialty mortgage servicers today is JPMorgan's expansion of its servicing...

Hitting the red-hot specialty mortgage servicers today is JPMorgan's expansion of its servicing operations with the purchase of MetLife's $70B MSR portfolio. Ocwen (OCN -4.4%), Nationstar (NSM -5.4%), and others were thought to have easy pickings as the banking big boys unloaded servicing assets to comply with new capital requirements.
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Comments (2)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    OK, so what pieces of the puzzle are we missing?

     

    How would "servicing" mortgages affect capital requirements?
    I don't know.

     

    Do the (pure) servicers nessarily own the mortgages?
    I didn't think so.

     

    This is puzzling and I don't know anything.

     

    If you change the wording to "as the banking big boys unloaded BAD assets/mortgages/MBS (that need servicing) to comply with new capital requirements" then I can understand what is going on, but I don't know if that is the case.

     

    Help!
    5 Nov 2012, 12:16 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1756) | Send Message
     
    Picked up some NSM calls today.
    5 Nov 2012, 08:24 PM Reply Like
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