Wednesday, December 11, 2013 4:43:44 PM
I'd like more information on MSRs and their impact on future earnings. For instance, if a company discounts their MSRs by 10.5%, is this essentially an estimate of cash flow for the next 30 years that ends with a $0 residual value?
It seems to me that after 7 years, the MSR has paid for it's initial cost.
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