What are MSRs and why are they valued at $20 Billion?
MSRs are an abbrevation for a false label: Mortgage Servicing Rights. These rights are claimed by companies who eprform no servicing functions and receive no paymetns from heomwoners nor do they make any distributions to creditors. They are in it for the foreclosure, not the accounting and administration. While there is a certain value in …
What are MSRs and why are they valued at $20 Billion? Read More »