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» Securitization of Mortgage Servicing Rights Helps Nonbanks; Freddie Urged to Join Fannie, Ginnie
Securitization of Mortgage Servicing Rights Helps Nonbanks; Freddie Urged to Join Fannie, Ginnie
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The creation of securitization structures to finance mortgage servicing rights was the most significant development for nonbank mortgage lenders in the aftermath of the financial crisis, according to Vandy Fartaj, CEO at PennyMac Financial Services.