Subsequent Events

9 Months Ended

Sep. 30, 2018

Subsequent Events

Subsequent Events

Note 13.—Subsequent Events

In October 2018, the Company sold $3.4 billion in UPB of GNMA MSRs for approximately $35.9 million receiving 80% of the proceeds upon sale, 10% of the proceeds upon transfer of the servicing and the final 10% upon transfer of all trailing documents.   The Company used the proceeds from the MSR sale to paydown the MSR financing.

Subsequent events have been evaluated through the date of this filing.