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» Agency Servicing Sales Hit Lowest Level in 12 Years As Just $152.5 Billion in MSR Changes Hands in 2003
Agency Servicing Sales Hit Lowest Level in 12 Years As Just $152.5 Billion in MSR Changes Hands in 2003
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Last year’s record-breaking refinance activity took a heavy toll on mortgage servicing sales. According to numbers compiled by Inside Mortgage Finance, transfers of agency servicing rights fell to the lowest level in at least 12 years during 2003.