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Volume 16 - Number 26

January 4, 2013

Interest in MSR on the Rise, Values May Firm

Investment banking and advisory firms continue to talk about private equity money eyeing the mortgage servicing market, but so far no one has made a major plunge.

Sterling Partners, a Chicago-area equity fund that hired Phoenix Capital’s Michael Lau back in the fall, plans to invest several hundred million in MSR, according to industry advisors familiar with the firm’s plans.

Sterling declined to comment on the subject. Lau, an executive vice president at Phoenix ...

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Poll

Home-equity lending is beginning to show new life. My company (pick one):

Plans to enter this market over the next 12 months.
Is already making home equity loans and hopes to increase the offerings.
Is in the market but don’t expect much growth.
Is not making second liens and has no plans to do so.

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