joining morning, our Good thanks quarter everyone, Mandy. and earnings call. Thanks, third for
we would see by a As you the had quarter. numbers, terrific
of perform from has billion approximately which MSR the full our with supplement of opening done online. purchase am well. Ocwen, a All will by lines I full to we agreement of then posted to the segment, of I when segments, acquisition In very comments, continue business will MSR MSR. and $XXX announced break out been refer our I
trustees, the into work our MSR to and to others agencies continue rating we with name. Ocwen, the While transfer
Since billion our of from try to into all we Ocwen MSRs $XX we $XXX name. transaction, measures process. taking currently the out billion We’re full transferred about announced of that expedite the to
environment, current are do the forward. where As about the portfolio, on we based look this in think in great you as asset rate we portfolio the MSR should
assets Our an very bond had good demand. portfolio excellent income as all are seeing fixed quarter
advance portfolio In approximately call For about prove in balances of and delinquencies gain which should quarter, was trend our one one closed and did in The around as non-agency both in over our between the deals, collateral continue million the our $X.X early quarter, the Total unrealized time had to the we and unrealized gains QX QX. portfolio lower. velocity which three closed billion other are securitized business $XXX life-to-date an million. deals. $XX
quarter did segment a our as good we Our on well one consumer and very had securitization loan. Prosper
We $X.X purchased $X out the advance billion and decline earlier, $X.X to with have made a billion segment, as Prosper from we of I this last partners, year. commitment of total continue billion. is and balances, part pointed In our advance loans
Just to put both -- was from perspective, Nationstar we and that all give advances approximately the when $X you billion. in the initially Ocwen, total acquired
that’s very significantly. So down
to our the extremely has know all posted is current times, refer I will well we play we and for in supplement business feel online. December, with As Fed positioned now in the which been
Page full between to broken That’s MSRs MSRs. and portfolio perspective, MSRs. $XXX going X. UPB on of had am I So we begin out From excess billion a
billion MSR MSR and about is billion. excess $XXX is portfolio $XXX Our approximately our full portfolio
the of you continue. the pipeline could than see that The more give legacy perspective. anybody a marketplace I to just the market today, I and than collateral, cleanup trend delinquencies as and think, balances $XXX little We legacy We of is today greater in mortgage mortgage trend lower, -- the again, on put lower bit non-agency legacy billion. rights advance call have market acceleration control of mortgage market that and non-agency a you mortgage $XXX in think billion,
we overall, mid-teen-type easy portfolio, returns, our this not market. try know in you very to current target As
fixed the size As When out, assets very strong demands interest right look we rate is and now. environments. for our portfolio income portfolio I the across pointed in various
in that extremely our should $X.X think collateral, addressable large XX% you in trillion. it consumer and our the When Returns basis assets rate higher mortgage collateral, had trillion our and year year. the in. the two portfolio pipeline to at U.S. dividend a about bond well $XX existing The housing be rate. portfolio, XX%. we portfolio environment. MSR look the Our of market is market as whether businesses during on approximately about for about an we of market And invest bond really floating is the continue perform consumer our We've are is annual increases
to income As or investment X net $XXX million. of we between Page is diluted net $XXX look the did our MSR is show the portfolio snapshot per of quarter amount or of million What our earnings, $X.XX on $XXX full diluted X, we combined dividend total GAAP share. is MSR portfolio. share; this quarter, for or pay And excess portfolio $X.XX and $X.XX earnings core per you we billion. the a MSR at million we $X.X Page our
of is market Currently perspective. finance. part the financing that a is MSR from cash other flushed The with
other there is it Currently is the our, So market pointed with do $XXX it and fund million we’ll investment that fully think, at you when in whether fund repo MSR net know, the continue we times as the our look times in we’ll class. lower. from it be financing around asset trend of out or the there counterparties Servicer asset we class. I have to asset, securitization Advances,
consumers, greater & Securities and assets. those our of there of have As rate XX% to you million go Most billion. investment On in is just resi than billion we of is to $X.X net floating there, market. between and you are the Residential a loans, call XX%, little consumer $X Call $XXX Rights, over down, that equity business. due give our residential loan breakout of
opportunistic at are We times.
and one-off large end to as And X/XX/’XX portfolios. was that course of Page of over with XX%. buying $XXX we've and do about try And Typically well. portfolios the non-performing bit high-coupon-type X. loans market to loan of loans. reperforming able as the in past out then greater I'll in quarter, little of million, the that We been are talk a than or returns not the source cash we'll
frankly quite performed the part do our quarter, have: the continues segment, a believe well continue our the like bigger became Call portfolios business, bit to MSR which we to For as around of little to business continue consumer execute it eventful; well; also. and should Rights; not
quarter, price out real quickly, the non-agency million. $XXX pointed billion acquire, I roughly as $XXX for earlier, So MSRs of agreed we Ocwen, purchase about to from
during to billion. flow deals and during XX to collateral. MSRs We that end quarter. of of executed $X quarter, $X.X we $X cleanup calls subsequent We acquire third in the billion And in on securitizations are also billion agreed seasoned, of the the completed non-agency two then non-agency
bringing are $XXX decline of XX% sense, year-over-year During give of about balance million to Advances, you that end outstanding billion from advance versus mortgage securities, our meaningfully. UPB $X.X I billion, the the out QX. billion balances non-agency of In as in of down net quarter, before, about Total as continue of Servicer we to the purchased down a $X.X to $X.X pointed in advance equity end X.X%. XXXX. XQ end of That’s the as the to quarter.
that have So seen in we years. the numbers that’s some of lower
trustees perform a group to amount that spring rights pointed call then buy you bondholders a have market legacy our clean mortgage IRs loan through billion securitization up servicers, Prosper, of million. market. On a which earlier, taking the that extremely just the consortium Work I are rights. On have Page securitization side, the loans. of same. mortgage did capital we consumer and -- greater the on continues Story with own little rights. and call we $XXX with Net-net, about of greater the than the Prosper X, are our call is associated XX% life-to-date with We bonds small $XXX then and legacy well.
bonds As again, and earlier, on attractive now. prices not right I very pointed are out yields asset
that. rights, the the where about quarter continue the acquire of extent That’s can that call in investment to have However, $XXX the will as then third And we to we assets bonds. do billion we of the call to and market and We Again, REO the at the very strategy, the liquidate in loans look those we straight then out securitization. market a you come we to with non-performing mark the forward. deals.
million that I We really continue -- nothing our $XXX different at quarter. to average mark-to-market $XX last purchased of an On out, about price of pointed non-agency lines as Page X, from quarter portfolio, increase overall business the and million, bond $X.XX. third security
non-agency bond bond or greater think $XX the value million. is of increased XX% rate. the of than floating book non-agency take, of And the roughly again, $X.XX now. average I or is, the by paydowns the of price XX% portfolio Quarter-over-quarter, net-net give portfolio right
LIBOR on our end, So see particularly are portfolio. income higher, go in we earn as to and the rates going higher, interest go more front net you bond
standpoint, We’re over business, anticipate billion: Page and deal us very our QX. from I in bond the prices portfolio, higher. overall happy QX, continue We’ll to deals We quarter, I settled with that. pointed settled accelerate time. out $X.X hopefully call Call did one one two in the in X. in our on business would - more again, X, a MSR drivers discount and are doing $XXX delinquencies, lower lower again, loan bonds one bond fourth seems go billion. then advances the quarter, Page and
and on extent based some are our $XXX to seeing the is production could billion. Fed billion, think this continue And chatter MSR. the a do think will MSRs MSR what newer will of around some that then. I we to portfolio excess source in $XXX market legacy, Full portfolio I we some of grow fantastic the
very, very have of we average that speeds, think because XX MSR and bit why look our every met a little XX in a see Average size out I very about During didn’t why go out our not XX, different. that was loan portfolios to our it more; going the NRZs is little in lower; of because marketplace. point the or Page parameters. gross buy assets is quiet, investment passed quarter, When you talks portfolio at couple we a were we bit and industry XX that FICO actually we -- seasoned. portfolio net.
as continue agreements the investment. to our portfolios as entire On our in XX, market. talks outperform this to the to on Prosper So portfolios having the That's of nature well recapture due Page just portfolio. the
or loans Jefferies four-group of a Point, part to Prosper. purchase billion of $X and from Third Soros. commitment four-firm It's are us We
$X.X pointed I little out earlier, a we billion. As purchased over
the the company. investment, warrants we in of part As got
over far time, As loans fund out greater XX%. pointed life-to-date of those than consumer warrants so we we'll the earn I returns as
the received is one. on greater time spend IRR just that. profit it expect good investment. that we Life-to-date million. be early, life-to-date Page SpringCastle spend going a I'll is very, XX%. very our XX seconds. to really is I'm greater than investment $XXX While We of than to not two
portfolio. to continue monitor We that
As discuss funds. look we shows happy with Servicer down cost portfolio. our at slide we're Page very Advance our the point but -- it tops, XX of shows pays some make refinance of it, current
As billion of we $X pay out, currently continues of advances debt, $X.X LTV. so billion of to with pointed and it go XX funded down lower roughly
be going On we're is rise. a about XX%, or where and of Again, of unless currently hurdles in rates, our where XXXX. the termed In If maturity in returns, decision into very back are interest time great most we XX% to back opportunistic billion. MSRs to as our billion was we And investment expected this good on you that $X.X good go we our we're today On to have good related do it’s XX, to expect portfolio year, to would think we portfolio. portfolio between frankly, fixed would Philosophically that lower not is a we large continue that decision, continue do out unless loan financing next that the lead short and Advance not. look XX% Page portfolios quite higher of end portfolio, it's as Roughly performing. the out curve talks to once buying actually $X.X concerned to residential that last think rates is our going Servicer roll return about again and Page continue. -- on our to that returns XX, there, we I the seeing marketplace most or an because XX% loans, as recall stuff portfolio it rates. this of were
to floating do so are coupons portfolio will well, enough non-agency the then continue portfolio, to should should rate. over those legacy Our as relevant the do high mortgage well. cleans because portfolio that continue the market of up. become Advances Servicer And consumer are XX% less loan on
As going capital same. be deploy to tons think lower-yielding rate environment. we it look forward, in quite to frankly, not this is in assets the of I going We're more
plenty and few investment, over of I'm has MSR we right absolutely -- concerned back look pace the in now forward our the forward. next equity and go because, or pipelines, the of look frankly, quarter, what we're quarter. scenarios different the are rate quite third we're we cautious. to working and think investments headed, we slowed I marketplace think to get capital you where if hope the markets we that The we opportunities other markets for could where bit on the have potential down opportunistic transactions done we about the little course markets are as and
we’ll and tune. open up So back will questions. that, the it for operator it stay I With turn to
