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Home » Store » Taxable » Thrifts Post Modest Profit on MSRs During 3rd Quarter, Values Rising

Thrifts Post Modest Profit on MSRs During 3rd Quarter, Values Rising

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Thrifts Post Modest Profit on MSRs During 3rd Quarter, Values Rising Thrift institutions reported a modest $148.2 million profit on their servicing of securitized mortgage loans during the third quarter of 2003, reversing a five-quarter-long streak of net losses on this business. Data reported to the Office of Thrift Supervision on income from mortgage servicing for others are net of the institution’s expenses for amortization and impairment, as well as related hedging activities. Through the
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