The concept of MSR-backed securities recently came to the fore again with the news that Stonegate Mortgage, Indianapolis, is contemplating a transaction.
Why short Altisource? This source reasons that as real estate values continue to improve and foreclosures slow, Altisource will have less to do going forward...
SIFMA did not take a stance on whether g-fees should be adjusted up or down. Instead, the trade group stressed that it is unclear how a change to g-fees would impact non-agency activity.