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MSRs Trading Like, Well, MSRs

|Includes: Bank of America Corporation (BAC), NSM, OCN

A few headlines just since November:

From the December 21 Inside Mortage Finance article - "Values on Mortgage Servicing Rights Headed North and MSR Transfers May Accelerate" -

2013 could be one of the busiest years on record for mortgage servicing sales, according to a new report released this week by Paul Miller, an analyst at FBR Capital Markets. He estimates that there are up to $700 billion of distressed mortgage assets that will eventually be sold by large, traditional servicers to the growing cadre of specialty servicers and subservicers.