TITLE

MSR Risk Attracting Attention of Regulators, Rating Agencies

AUTHOR(S)
Cornwell, Ted
PUB. DATE
April 2003
SOURCE
Mortgage Servicing News;Apr2003, Vol. 7 Issue 3, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on the plan of U.S. federal banking regulators to increase their investigation of mortgage servicing rights (MSR) held by subsidiaries of depository institutions. Fitch Ratings' notice on the possible downgrade of Countrywide Financial Corp.'s debt rating; Companies with high impairment risk; Countrywide's statement about its record earnings despite the impact of falling rates on its MSR portfolio.
ACCESSION #
9382109

 

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