Onslow Bay completed its first securitization transaction in December 2015 which was the first deal post financial crisis composed of newly originated Jumbo ARMs. Further diversification was accomplished in 2015 with the acquisition of Pingora Asset Management, a leader in purchasing and managing of mortgage servicing rights (MSR).
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Welcome to Pingora Asset Management LLC Specialized Management of Mortgage Servicing Rights. Pingora is led by a team of industry veterans who have over 60 years’ collective experience evaluating, acquiring and selling Mortgage Servicing rights; performing valuations, trading and hedging, ensuring compliance with regulatory requirements and performing servicer oversight.
Item 8.01 Other Events. On June 19, 2015, Wind River TRS LLC, a Delaware limited liability company and wholly-owned subsidiary of Hatteras Financial Corp. (the "Company"), entered into an interest purchase agreement to acquire Pingora Asset Management, LLC ("Pingora Management") and Pingora Loan Servicing, LLC ("Pingora Servicing," and together with Pingora Management, "Pingora.
Hatteras Financial Corp invests in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed or issued by the United States Government agency, or by the United States Government-sponsored entity. The company announced its fourth consecutive distribution increase to $1.20/share.
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Michael Lau, currently CEO of Pingora Asset Management, has over 25 years of expertise in loan servicing, underwriting, quality control, IT, accounting, finance, capital markets, and business development. Throughout his career, Michael’s understanding of MSRs aided numerous companies through negotiating the sale of servicing rights on a flow and bulk basis.
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Hatteras Financial acquires Pingora Asset Management. Posted June 25, 2015 / No comments Hatteras Financial, a real estate investment trust, announced the acquisition of Pingora Asset Management and Pingora Loan Servicing, a specialized asset manager focused on investing in new production performing mortgage servicing rights and servicing residential mortgage loans.
Hatteras Financial Corp. said Monday it has completed the acquisition of two Denver companies, Pingora Asset Management LLC and pingora loan servicing llc, for an undisclosed price. Hatteras.
Annaly Capital Management and Bayview Asset Management announced Tuesday that the companies reached an agreement that will see Bayview acquire Pingora Holdings and its subsidiaries from Annaly. Two years ago, Hatteras Financial, a real estate investment trust, acquired Pingora, and its subsidiaries, Pingora Asset Management.
The links to PART 1 and PART 2 are provided below: AGNC Investment’s Q3 2017 Income Statement. fairly recently acquired a variable-rate agency mREIT, Hatteras Financial Corp. (NYSE:HTS). Generally.