MorVest Capital Unloads Ginnie Mae MSRs; Another Deal in the Works
December 28, 2015
By Paul Muolo
MorVest Capital, Dallas, a new player in servicing sales, has closed on a $1.2 billion auction of Ginnie Mae receivables.
No purchase price was disclosed. Both the seller and buyer are banks, said MorVest President and CEO David Fleig. Fleig said he could not identify the parties at this time.
The sale was done in conjunction with Mortgage Banking Solutions, a Texas-based consultancy. Fleig said he is already
The new offering is about $1 billion. MorVest hopes to complete the sale by the end of January.
Leave a Reply
© 2013. MorVest Capital.