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Standard & Poor's Studies Servicing Fees.(Brief Article)
Mortgage Servicing News
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September 01, 2003 |
COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Standard & Poor's has reiterated its minimum servicing fees for mortgage loans pooled into S&P-rated securities.
At the same time, however, S&P said it is "currently conducting a study to determine if lower servicing fees can be accepted for transactions with prime jumbo collateral."
Currently, the minimum acceptable servicing fee for U.S. prime jumbo fixed-rate collateral is 20 basis points. For adjustable-rate jumbo mortgages, the minimum fee is 25 basis points. For ...
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Source: HighBeam Research, Standard & Poor's Studies Servicing Fees.(Brief Article)