AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Irwin Unloading $14B in Servicing.(Brief article)
Columbus, OH-Irwin Financial Corp. here is toying with the idea of selling $14 billion in servicing rights housed at its mortgage affiliate, investment banking sources told Mortgage Servicing News.
A spokeswoman for IFC declined to comment. In January, IFC said that it was exiting the conventional market by selling subsidiary Irwin Mortgage Corp., which is based in Fishers, Ind.
It now appears the bank is trying to cash in on higher interest rates which cause servicing rights to rise in value. (Presumably, its production network will be sold separately.)
IMC ranks 31st among residential servicers. The bank parent has been fielding offers for the unit and in February rumors ...
- New Century Sale Remains Uncertain.
- News wire article from: Mortgage Line Muolo, Paul July 9, 2007 700+ words
...bankrupt subprime giant New Century Financial Corp...the air as Mortgage Servicing News went to press. NCFC...insider told Mortgage Servicing News, "We just got the...c) 2007 Mortgage Servicing News and SourceMedia...
- New Century Selling MSRs.
- News wire article from: Mortgage Line June 7, 2007 700+ words
New York -- New Century Financial Corp...plan as Mortgage Servicing News went to press in early April. New Century, based in Irvine...bankruptcy advisors. New Century serviced $42...2007 Mortgage Servicing News and SourceMedia...
- New Century MSR Sale Fetches Higher than Expected Price.
- Magazine article from: Mortgage Servicing News July 1, 2007 700+ words
...financial advisors to New Century in the bankruptcy proceedings...More information about New Century's chapter 11 case...ncenrestructuring.com. New Century Financial Corporation...c) 2007 Mortgage Servicing News and SourceMedia, Inc...
- New Century Agrees to Acquire Irwin's Platform.(New Century Financial...
- Magazine article from: Mortgage Servicing News December 1, 2006 700+ words
...sell its mortgage servicing operations to New Century Financial Corp. Irwin said New Century will offer to retain "a significant portion...Irwin Financial Corp. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved...
- New Century Agrees to Acquire Irwin's Platform.
- News wire article from: Mortgage Line December 11, 2006 700+ words
...sell its mortgage servicing operations to New Century Financial Corp. Irwin said New Century will offer to retain "a significant portion...declined slightly." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved...
- New Century Prices Preferred Offering.
- News wire article from: Mortgage Line July 7, 2005 700+ words
IRVINE, CA -- New Century Financial Corp., a real estate...purposes, including investments in New Century's on-balance sheet portfolio...transaction. (c) 2005 Mortgage Servicing News and SourceMedia, Inc. All Rights...
- Irwin Unloads $19B of MSRs.(Irwin Mortgage)(Mortgage Servicing...
- Magazine article from: Mortgage Servicing News Muolo, Paul November 1, 2006 700+ words
...portfolio, investment banking sources have told Mortgage Servicing News. The sale was made public in early October but the parties...effectively within another organization." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http...
- Servicing Deals Are Heating Up.(Mortgage Servicing News )
- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...bulk" market for residential servicing rights is finally showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded the last chunk of its residential servicing portfolio, selling about...
- New Century Deal Sees Deterioration.
- News wire article from: Mortgage Line April 10, 2006 700+ words
...attributed to poor collateral performance and a deterioration of asset quality beyond original expectations. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia...
- MSN Makeover: A New Look for a New Century.(Editorial)
- Magazine article from: Mortgage Servicing News February 1, 2000 700+ words
You may have noticed some changes in the appearance of Mortgage Servicing News during the last two months. In a move that enhances consistency among the banking and mortgage periodicals published by Thomson...
Source: HighBeam Research, Irwin Unloading $14B in Servicing.(Brief article)