Why it matters
The activity affects U.S. mortgage lenders and investors that buy or hold servicing rights. The article does not establish a direct effect on mortgage rates or household costs.
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Mortgage servicing rights (MSRs)—the rights to manage mortgage payments—are trading at their richest levels in decades, as lenders and investment funds seek them, according to HousingWire. Lenders are taking different approaches, including retaining servicing and selling portfolios in bulk.
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The activity affects U.S. mortgage lenders and investors that buy or hold servicing rights. The article does not establish a direct effect on mortgage rates or household costs.