– April 17, 2023 | National Mortgage News
While in recent bank earnings some servicing valuations were depressed by volatility, which led to a lull in the market at one point during the first quarter, some large deals still sold during the fiscal period, and trading has rebounded since then.
Wells Fargo successfully marketed a $50 billion portfolio of rights from loans it serviced for others in the first quarter. That deal, combined with evidence that other portfolios have gone up for bid, show buying interest has been relatively strong despite some uncertainty surrounding financial institutions.
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