Refinance Mortgage News
Cicutto Disposes Of Last Remnant Of Risk From Homeside With Msr Sale
Thursday August 29, 2002
The relief within and around National Australia Bank yesterday was palpable. The time bomb ticking away ominously had finally been defused. NAB yesterday announced that it had sold its US mortgage servicing rights (MSR) portfolio for $2.3 billion.Ghost Of Homeside Rises To Rattle Nab's Nerve
Tuesday August 13, 2002
Having apparently closed merger talks with Abbey National, National Australia Bank is faced with investor nerves about the value of its mortgage servicing rights as United States bond yields decline.