General World News

MSR market picks up in Q3 where Q2 left off: Hot

Four new mortgage-servicing rights (MSR) offerings for agency loan portfolios valued at some $3.7 billion hit the market as the third quarter of the year kicked off.

Alexandria, Virginia-based advisory and brokerage firm Prestwick Mortgage Group, along with its strategic partner, San Diego-based Mortgage Capital Trading (MCT), recently released bid documents for two separate MSR offerings involving loan portfolios valued at $1.85 billion in total.

In addition to the MSR offerings being marketed by Prestwick and MCT, Denver-based Incenter Mortgage Advisors in July alone has come out with two large MSR offerings, which are tied to loan packages worth $1.84 billion.

MSRs gain value as interest rates rise, details ⇒

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