Update: Rising Interest Rates & Mortgage Servicing
- R. Christopher Whalen
- May 25, 2021
- 5 min read
Updated: May 31, 2021
May 25, 2021 | In this issue of The Institutional Risk Analyst Premium Service, we talk about the outlook for interest rates and the impact on banks and other financial intermediaries of the structural market changes that we described in our last issue. We start our comment today, however, with the increasingly manic behavior of the market for mortgage servicing rights, a negative duration asset that performs the opposite of a bond.
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