Relevant:
2013-10-25 — bloomberg.com
``Citigroup owned the servicing rights on $301 billion of mortgage balances at the end of June, according to the lender's quarterly securities filing. The bank valued those contracts at $2.52 billion at midyear.
MSRs are trading for between four and five times the 25 basis point servicing fee, according to Stephens. If Citigroup gets a similar price, it may collect between $630 million to $788 million in the sale, he said. ''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
