Mr. Cooper is on the Hunt to Buy More Mortgage Servicing Portfolios

National Mortgage News, Oct. 28, 2021–Brad Finkelstein (subscription)
As origination margins continue to compress, some lenders are looking to sell bulk mortgage servicing rights portfolios to make up for the lost income. Mr. Cooper intends to be an opportunistic buyer of those MSRs over the next year, executives said on its third quarter earnings call.