MSR values and retention trend...
2015 - $36.4 million at December 31, 2015
2016 - $131.5 million at December 31, 2016
2017 - $154.4 million at December 31, 2017
3Q 2018 - $181 million
MSRs rise in value as i-rates increase. These generated $10.1M for the company in the 3Q.
Current one-time write downs will provide additional tax benefits as well.
My posts are opinion and should not be relied on for your investment decisions.
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