Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events

Subsequent Events

Note 28—Subsequent Events

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

· During February 2020, the Company acquired from a non-affiliate seller approximately $2.3 billion in UPB of Ginnie Mae MSRs.

· During February 2020, the Company entered into an agreement with a non-affiliate seller to acquire approximately $292 million in UPB of MSRs related to defaulted government loans. 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.