Fresh Market Turmoil Puts More Mortgage Servicing Rights Into Play
September 18, 2008
New developments in the ongoing train wreck on Wall Street may not have much impact on the mortgage originations market, but the demise of Merrill Lynch and Lehman Brothers does put in play more than $220 billion in mortgage servicing. Lehman Brothers Bank, a Delaware-based thrift, had some $126.8 billion of single-family mortgage loans and servicing rights on its books as of the end of the...