Mortgage servicing rights
A contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages. Common rights included are the right to collect mortgage payments monthly, set aside taxes and insurance premiums in escrow, and forward interest and principle to the mortgage lender.
- Market for Mortgage Servicing Rights MBA Accounting Conference
- Recent Developments In Mortgage Servicing Rights SNR Denton, February, 2012
- Problems in mortgage servicing Governor Daniel K. Tarullo, Senate Committee on Banking, Housing & Urban Affairs, December 1, 2010
- Dodd-Frank Wall Street Reform and Mortgage Servicing Morrison and Foerster, August, 2010