Rice Park Capital’s agreement to acquire Rosegate Mortgage highlights the increasing focus among mortgage companies on recapture opportunities. But industry executives say the economics of this strategy have grown more challenging amid intensifying competition.

In its latest move centered on recapture, private investment firm Rice Capital announced Friday that it’s buying retail and consumer-direct lender Rosegate to make its products available to mortgage servicing rights (MSRs) that lack embedded recapture agreements. 

The deal adds to several recent transactions — including Rocket Companies’ acquisition of Mr. Cooper Group and Bayview Asset Management’s details ⇒

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