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MIAC: Servicing Prices Up Slightly after Dismal '02.(Mortgage Industry Advisory Co.)
With rates at historic lows and few buyers expressing an interest in mortgage servicing rights, you might be surprised to learn that MSR values actually increased in January.
Mortgage Industry Advisory Co., which tracks an index of hypothetical MSR values, found that the floor fell out late last year, with MSR prices declining 35% in December of last year. In January, however, MSR prices for 30-year mortgages increased 9.6% to regain some of the lost ground. The big decline in December MSR values helps to ...
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Source: HighBeam Research, MIAC: Servicing Prices Up Slightly after Dismal '02.(Mortgage...