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More on Home Loan Servicing Solutions (HLSS +1.1%) Q2 earnings: The company is the first of the...

More on Home Loan Servicing Solutions (HLSS +1.1%) Q2 earnings: The company is the first of the specialty servicers (OCN, NSM, WAC, NRZ) to report after Q2's interest rate shakeup and the big news is an annualized prepayment rate of just 12.5% vs. the benchmark rate of 13.5%. It delivered a $0.02 boost to earnings (the amount of the beat). As expected, higher interest rates - by lowering prepayments - boosts the value of MSRs. CC at 11 ET. (PR)
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