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Home » Servicing Prices Become a Little Less Frothy, Some MSR Bids Will Get Pushed Into 2014
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Servicing Prices Become a Little Less Frothy, Some MSR Bids Will Get Pushed Into 2014

November 7, 2013
A few weeks back, many servicing brokers were predicting a land rush to close deals by year-end, but there’s a new school of thought that predicts sellers might wait until early 2014 to unload some of their deals. “While we don’t expect the [mortgage servicing rights] deal flow to turn off completely for 2013 just yet, we have noticed quite a slowdown in the marketplace as compared to the summer and early fall,” said George Christo, executive vice president of The Prestwick Group. “Many of our conversations with buyers and sellers have pivoted to setting the table for the first quarter of 2014 settlements.” Moreover, the frothy prices being offered for MSRs are...
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