Subsequent Events

12 Months Ended

Dec. 31, 2018

Subsequent Events

Subsequent Events

Note 28—Subsequent Events

Management has evaluated all events and transactions through the date of the Company issued these consolidated financial statements. During this period:

· During March 2019, the Company acquired from a non-affiliate seller Ginnie Mae MSRs with a total UPB of approximately $11.9 billion.

· During February 2019, the Company entered into an agreement with a non-affiliate seller to acquire approximately $4.5 billion in UPB of Ginnie Mae MSRs. The MSR acquisition by the Company is subject to the negotiation and execution of definitive documentation, continuing due diligence and customary closing conditions. There can be no assurance that the committed amounts will ultimately be acquired or that the transaction will be completed at all.