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» Hammered For Nearly Two Years, Mortgage Servicing Rights Poised for Rebound in 2003
Hammered For Nearly Two Years, Mortgage Servicing Rights Poised for Rebound in 2003
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Mortgage servicing rights have taken a beating in market value and drained lender profitability over the long wave of refinancing activity in 2002 and 2003, but MSRs figure to regain center stage when a new market cycle finally gets under way.