Thrifts See MSR Losses Mount in 2008, Mostly From Writeoffs at Two Firms
July 3, 2008
The thrift industry recorded a $133.7 million loss from mortgage servicing business during the first quarter of 2008, according to federal regulators, but most of the losses stemmed from two companies. According to thrift financial report data, revenue of servicing mortgages held by other investors – typically in mortgage securities pools – actually grew by about... [Includes one chart]