An increasing number of financial institutions with a vested interest in mortgage servicing rights are showing a renewed interest in hedging against declining interest rates – something you might think they would already be doing. “You’d be surprised at who’s not hedging,” said Austin Tilghman, senior vice president of United Capital Markets, Denver. “Some mid-sized nonbanks just don’t get it.” Tilghman knows quite a bit about firms – banks included – that don’t ...