General World News

Rising rates, tax questions driving MSR sales surge

mortgage person HW+_

An offering of Fannie Mae and Freddie Mac mortgage servicing rights (MSR) linked to a loan pool valued at nearly $2.2 billion is now being marketed by the Prestwick Mortgage Group on behalf of an undisclosed independent mortgage banker, according to a bid document obtained by HousingWire. 

The offering is yet another sign that the MSR market is continuing to heat up as the final quarter of the year unfolds. Bids for the $2.2 billion MSR package are due by Oct. 26, documents show. George Christo, executive vice president of Virginia-based Prestwick, declined to details ⇒

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