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Venue


The Crowne Plaza
Times Square Manhattan

1605 Broadway at 49th Street
New York, NY 10019
Tel: 1-888-233-9527

Friday, June 21, 2013

10:00 a.m. -
Track: Residential View Track

MORTGAGE SERVICING RIGHTS - AN INVESTMENT OPPORTUNITY AND DIVERSIFICATION STRATEGY

Moderator: Jeffrey M. Levine Managing Director, Financial Institutions Group, HOULIHAN LOKEY
Jim Harrington Managing Director, RESURGENT MORTGAGE SERVICING
Terry Smith CEO, RUSHMORE LOAN MANAGEMENT SERVICES
Shane Ross Chief Operating Officer, SELENE FINANCE

Both strategic, delinquency and capital-related issues are causing banks to increasingly evaluate the sale of MSRs. With yields on Whole Loans tightening, investors are now looking at MSRs as a new asset class. Additionally, many distressed loan investors built or acquired special servicing operations to service their NPLs and are now re-positioning these platforms to support MSRs. MSRs also complement the modification and short-refi strategies that NPL buyers have developed, as they can use these capabilities to generate additional profits on HARP and other refinances.

Our panel will include executives from leading specialty servicers who will speak to these diversification and investment strategies.

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