Is the Tide Turning on SRPs?

To sell your servicing ‘released' – or not. That is the question. It's no secret that SRP (servicing released premiums) prices have been weak the past few years, but nonbank lenders take the cash up front because, well, it's cash. Of course, the megabanks (Wells Fargo, Bank of America, and JPMorgan Chase) have been stingy on what they offer, realizing that they have a huge advantage over smaller players. But is the tide turning on SRPs? Are prices getting any better? From we've been told, prices are not getting much better, which is forcing smaller players to consider retaining MSRs. Is this a blip on the radar screen or a real trend? Stay tuned…