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Home » Store » Taxable » Banks Post Favorable Gains in MSR Values, Many Choose to Sell in 3Q’05

Banks Post Favorable Gains in MSR Values, Many Choose to Sell in 3Q’05

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Taxable

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Commercial banks were able to report stronger fair market values for their mortgage servicing rights portfolios during the third quarter, as rising interest rates dampened prepayment speeds. Although the top tier of commercial banks involved in the MSR market overall posted a solid increase in the outstanding balance of their portfolios, a number of companies took advantage of favorable secondary market conditions to sell servicing. … [One data table included]
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