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jwnoble3

11/14/18 7:23 PM

#378 RE: jwnoble3 #375

Updated from 3Q 10Q

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.