The National Mortgage News reported that there may be a bit of a revolution happening with small to medium-sized mortgage loan originators that have been selling their servicing rights on a “released” basis in the secondary market. The revolution is this: more firms are thinking of keeping their SRPs with either in-house or assigning them to a sub-servicer. Why are they keeping the SRP? The short answer is that the price being paid by the mortgage cartel for SRPs bites.
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January 8, 2010
Mortgage Loan Originators Losing SRP Rebates
« New Mortgage Underwriting Guidelines and Credit Rules – Lead Planet Sees New Trend for Loan Modification Leads »
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