Excess MSR definition

Excess MSR means an interest in an MSR, representing a portion of the interest payment collected from a pool of mortgage loans, net of a basic servicing fee paid to the mortgage servicer.
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Excess MSR means an interest in an MSR, representing a portion of the interest payment collected from a pool of mortgage loans, net of a basic servicing fee paid to the mortgage servicer. An MSR is made up of two components: a basic servicing fee and an excess servicing fee. The basic servicing fee is the amount of compensation for the performance of servicing duties, and the Excess MSR is the amount that exceeds the basic servicing fee.
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Excess MSR. As to any Mortgage Loan, the portion of the servicing fee for that Mortgage Loan that exceeds the Base Servicing Fee.
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Examples of Excess MSR in a sentence

  • In the case of the Sold Percentage of the Excess MSR with respect to a New Mortgage Loan, Seller and Purchaser intend that, solely for income tax purposes, the sale and assignment shall occur as of the Refinancing Date of the related Refinanced Mortgage Loan.

  • An MSR is made up of two components: a basic servicing fee and an Excess MSR.

  • Summary of Excess MSR Investments Through Equity Method Investees as of June 30, 2013 MSR Component InvesteeExcess Commitment/ Initial Current Excess InterestInterestin ExcessMSRInitial Carrying InvestmentUPB UPB (1) As of June 30, 2013.(2) “GM” refers to loans in Ginnie Mae securitizations.

  • For example, if an MSR is 30 bps and the basic fee is 5 bps, then the Excess MSR is 25 bps.

  • Non-servicers cannot own the basic fee component of an MSR directly and would therefore need to co-invest with a servicer in order to invest in an Excess MSR.

  • We expect that non-bank servicers such as Nationstar—which pursues a “capital light” investment model—will need companies to invest in the Excess MSR portion of these investments.• Attractive Pricing.

  • Furthermore, it was recommended that the Ministry of Health and Population support health-care initiatives developed by indigenous peoples and train all medical staff to better understand indigenous peoples.

  • We expect this number to decline as banks face pressure to reduce their MSR exposure as a result of heightened capital reserve requirements under Basel III, regulatory scrutiny and a more challenging servicing environment.As banks sell MSRs, there is an opportunity for entities such as New Residential to participate through co-investment in the corresponding Excess MSRs. An MSR is made up of two components: a basic fee and an Excess MSR.

  • As the owner of an Excess MSR, we are not required to assume any servicing duties, advance obligations or liabilities associated with the portfolios underlying our investment.There are a number of reasons why we believe Excess MSRs are a compelling investment opportunity:• Supply-Demand Imbalance.

  • In addition, we have capitalized on Nationstar’s origination capabilities by entering into a “recapture agreement” in each of our Excess MSR investments to date.


More Definitions of Excess MSR

Excess MSR means an interest in an MSR, representing a portion of the interest payment collected from a pool of mortgage loans, net of a basic servicing
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