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Clarification.(Brief Article)
In the Aug. 12 issue, Mortgage Servicing News reported that Countrywide Home Loans wrote down the value of its servicing rights by $4.4 billion. This was also reported in the issue of July 29. This reduction in the servicing value occurred over the course of the past year, but was offset, in part, by hedging and by the firm ...
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Source: HighBeam Research, Clarification.(Brief Article)