Mortgage Servicing Right definition

Mortgage Servicing Right means, with respect to any Person, the right of such Person to receive cash flows in its capacity as servicer of any Receivable or pool of Receivables, and any interests in such right including, but not limited to, participation certificates or excess fee strips, together with any assets related thereto that are of the type transferred in connection with securitization transactions involving assets such as, or similar to, Mortgage Servicing Rights, and any collections or proceeds thereof, including all contracts and contract rights, security interests, financing statements or other documentation in respect of such Mortgage Servicing Rights, all general intangibles under or arising out of or relating to such Mortgage Servicing Rights and any guarantees, indemnities, warranties or other obligations in respect of such Mortgage Servicing Rights. For purposes of determining the amount of a Mortgage Servicing Right at any time, such amount shall be determined in accordance with GAAP, consistently applied, as of the most recent practicable date.
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Mortgage Servicing Right means the right to perform one or more of the actions listed in §B(31)(a)-(e) of this regulation in connection with one or more mortgage loans.
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Mortgage Servicing Right means the right to perform one or more of the functions listed in §B(26)(a)-(e) of this regulation.
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Examples of Mortgage Servicing Right in a sentence

  • It is unclear, however, why these claims on vintage loans should affect the cost of new originations.Chart 7Sensitivity of OPUCs to Alternative Assumptions about Mortgage Servicing Right MultiplesDollars per $100 loan5 Mortgage Servicing Rights ValuesThe baseline OPUC calculation assumes constant servicing multiples throughout the sample of 5x for base servicing and 4x for excess servicing flows.

  • Anything that extends the duration of the loan increases 615 the value of the Mortgage Servicing Right (MSR).

  • A] Mortgage Servicing Right (MSR) is the contractual right to service a mortgage loan; according to accounting standards, entities owning MSRs must perform a valuation analysis and appropriately recognize the value of the MSR portfolio on the company balance sheet.” Id. at 28.

  • If Purchaser assigns a Mortgage Servicing Right to any Person, it shall either obtain an agreement from such Person to assume Purchaser’s obligations under and otherwise comply with the requirements applicable to Purchaser set forth in Sections 7.12(b) (but with respect to clauses (ii) and (iii), only for so long as the applicable obligations under the NMS and HUD Settlement remain outstanding), 7.15 and 7.17, and shall ensure such Person’s compliance therewith.

  • The increase was primarily driven by an increase in portfolio originations (Commercial, Residential Real Estate & Home Equity), continued Mortgage Servicing Right (MSR) production, an increase in servicing deposits (related to production), and small increase in investment securities.• Improving economic conditions including stable interest rates, slower prepayment speeds & lower average costs of servicing saw the Fair Market Value of our MSR portfolio increase significantly in 2Q2021 (not incl.

  • Once approved, this will go to some lengths to strengthen this role within the Knysna Municipality.

  • The extent of reimbursement varies depending on whether the insurance or guaranty applicable to a particular loan is full or limited in scope. Mortgage Servicing Right (“MSR”) Asset Income Statement ImpactsMSR assets are capitalized at fair value at time of loan sale/securitization.

  • If the servicer chooses to hedge the value of an MSR asset (see discussion later in Mortgage Servicing Right Volatility), the servicer will incur hedging expenses associated with the instruments utilized in the servicer’s hedging strategy.3 B.

  • Each of these five parameters is an indirect function of PORV position.

  • Fannie Mae Freddie Mac Ginnie Mae Private Investor Or held for Portfolio Mortgage Loan Loan Originator Held or sold to Mortgage Servicer Mortgage Servicing Right Borrower A 4.75% mortgage is originated.


More Definitions of Mortgage Servicing Right

Mortgage Servicing Right or “MSR” means, with respect to any Person, the right of such Person to receive cash flows in its capacity as servicer of any receivable or pool of receivables, and any interests in such right including, but not limited to, participation certificates or excess fee strips, together with any assets related thereto that are of the type transferred in connection with securitization transactions involving assets such as, or similar to, Mortgage Servicing Rights, and any collections or proceeds thereof, including all contracts and contract rights, security interests, financing statements or other documentation in respect of such Mortgage Servicing Rights, all general intangibles under or arising out of or relating to such Mortgage Servicing Rights, and any guarantees, indemnities, warranties or other obligations in respect of such Mortgage Servicing Rights. For purposes of determining the amount of a Mortgage Servicing Right at any time, such amount shall be determined in accordance with GAAP, consistently applied, as of the most recent practicable date.
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Related to Mortgage Servicing Right

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Residential mortgage loan means any loan primarily for

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.