Mid America buys $2.7 billion in Ginnie MSRs

Certain information required to be included in this Form 10 is incorporated by reference to specifically-identified portions of the body of the information statement filed herewith as Exhibit 99.1..

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ADDISON, Texas, Nov. 13, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced it has signed a letter of intent to purchase the assets of oklahoma city-based american southwest mortgage corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest’s operations into Mid America’s.

$3B in Fannie Mae and Ginnie Mae servicing rights going up for bid. MountainView Financial Solutions is brokering a more than $3 billion package of Fannie Mae and government mortgage servicing rights originated primarily through third-party origination channels.

Mid America buys $2.7 billion in Ginnie MSRs Housing market remains sluggish in Canada despite march rebound home mortgage news housing market remains sluggish in Canada despite march rebound. mortgage news; housing market remains sluggish in Canada despite March rebound. By. heebeha – April 17, 2019.

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Freddie Mac pushes back ULDD Phase 3 soft launch 7/10/2018 ULDD Phase 3 Update ULDD Phase 3 update july 10, 2018, Back to news center freddie mac and Fannie Mae (the GSEs) are providing an update to Phase 3 of the Uniform Loan Delivery Dataset (ULDD), as a follow up to our January 30, 2. Read More View all Freddie updates. dol. 2.

The Company closed on and boarded the remaining MSRs relating to $21 billion of UPB, in stages during the fourth quarter of 2013. In May 2013, we acquired the loan origination operations and certain assets of Greenlight Financial Services (Greenlight), a leading direct-to-consumer originator based in Irvine, California.

In other company-related news, Mid America announced in late April that it had purchased $2.7 billion in mortgage servicing rights (MSRs) from an unidentified seller. The portfolio includes a number of delinquent Veterans Affairs- and Federal Housing Administration-insured loans.