The Crowne Plaza
Times Square Manhattan
1605 Broadway at 49th Street
New York, NY 10019
Friday, June 21, 2013
MORTGAGE SERVICING RIGHTS - AN INVESTMENT OPPORTUNITY AND DIVERSIFICATION STRATEGY
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.