Servicing Auctions Gather Steam But Concerns Remain About MSR Pricing and Prepayments
May 12, 2016
Declining interest rates have thrown a monkey wrench into mortgage servicing sales this year, but investment bankers and advisors are seeing an increase in new auction notices, even though pricing remains muted. Moreover, some market-makers expect an eventual boom – but only if interest rates would rise a bit and stay that way. “There hasn’t been a lot of activity of late…
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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