The secondary market for mortgage servicing rights, or MSRs, has been heating up recently as interest rates tick up, increasing the value of MSR assets, and as other revenue streams for lenders begin to slow — such as loan refinancing.
It’s also the time of year that many nondepository lenders, also called nonbanks, typically will look to sell off some of the MSR assets on their books to bolster liquidity for future endeavors. Those are normal market dynamics, according to Azad Rafat, MSR senior director at Mortgage Capital Trading Inc.
MSR assets aren’t complicated in conception. details ⇒
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