Type of security that consists of the servicing fees on mortgage. Servicing strips can be traded like mortgage-backed securities.
Related information about servicing strip:
- Servicing Strip Definition | Investopedia
A security created by the stream of cash flows that result from the servicing fee on a mortgage. Servicing strips trade in a secondary market much like ...
- What is servicing strip? definition and meaning
Definition of servicing strip: Type of security that consists of the servicing fees on mortgage. Servicing strips can be traded like mortgage-backed securities.
- Mortgage-Backed Securities: Monthly Reporting Data: SMBS: Whole ...
Whole Loan Servicing Strip Reports The following files contain information about the mortgage loans underlying Fannie Mae-issued whole loan strips. The data ...
- Background and Issues for Consideration - Federal Housing ...
Feb 14, 2011 ... All amounts that can be monetized are sold at sale (no excess servicing strip retained). □ Loans sold into MBS trading at par. □ The 3 bps and ...
- Alternative Mortgage Servicing Compensation Discussion Paper
Sep 27, 2011 ... will collect a master servicing strip from the interest payments made by the borrower to fund the dollar fee per loan payments to servicers. 9 ...
- t - Greer Advisors, LLC
2 The price of servicing is often expressed as a multiple of the servicing strip. For example, a 25 basis point strip of MSR's priced at 200 basis points (up front) ...
- Loan servicing: Definition from Answers.com
Loan servicers are compensated by retaining a relatively small percentage of each periodic loan payment known as the servicing fee or servicing strip. This is ...
- Federal Housing Finance Agency Joint Initiative on Mortgage ...
Oct 26, 2011 ... funded by a master servicing strip collected by the guarantor from interest payments paid by the borrowers. FHFA has issued a series of ...