Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability
The Stoop (NYU Furman Center)
NOVEMBER 11, 2024
In response, starting in 1995, the accounting authorities began to require that these contracts be put on a servicer’s balance sheet as an asset (called the MSR asset) equal to the estimated market value of the profit flows over the life of the underlying mortgage portfolio. 2 See [link].
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