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Home » Store » Profitability » 3Q16 Brings Relief from MSR Writedowns

3Q16 Brings Relief from MSR Writedowns

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Profitability

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So far, the third quarter has seen several publicly traded commercial banks mark up the asset value of their residential mortgage servicing rights, but in general, the increases have been mild, to say the least. The only bank that reported a sizeable increase was Bank of America, which valued its MSR portfolio at 60 basis points at Sept. 30, an increase of 9 bps from mid-year. Of the reporting banks, BofA’s improvement has been the largest by far. BofA’s megabank competitor ...
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