Servicing Strip — 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 mortgage backed securities do; the seller of the servicing strip has the ability to service… … Investment dictionary
Excess Servicing Fee — (излишние обслуживающие сборы) в сделках по секьюритизации часть процентных выплат, поступающих от должников по обеспечивающим обязательствам, которая не используется для процентных выплат и погашения расходов по обслуживанию; разница между всеми … Ипотека. Словарь терминов
Loan Servicing — The administration aspect of a loan from the time the proceeds are dispersed until the loan is paid off. This includes sending monthly payment statements and collecting monthly payments, maintaining records of payments and balances, collecting… … Investment dictionary
Mortgage Excess Servicing — The percentage of the monthly cash flow that remains after the cash flow has been divided into a coupon and principal payment for the mortgage backed securities (MBS) holder. This servicing fee typically goes to the servicer of the loan, and is… … Investment dictionary
excess servicing — A term used in asset backed securities to describe the amount by which the yield from the loan collateral, net of charge offs, exceeds the sum of the servicing fee and the interest paid to holders of the security. American Banker Glossary … Financial and business terms
Select Portfolio Servicing, Inc. — Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida.Select Portfolio Servicing was created as a Utah company in 1989.… … Wikipedia
Loan servicing — is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type of loan and the terms negotiated between the firm and the… … Wikipedia
Mortgage Servicing Rights - MSR — 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… … Investment dictionary
Countrywide Financial — Infobox Company company name = Countrywide Financial Corp. company type = Subsidiary of Bank of America foundation = 1969 location = Calabasas, CA, USA revenue = profit$6,061,437,000 USD (2007) operating income = loss$1,310,274,000 USD (2007) net … Wikipedia
Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha … Wikipedia
