JPM Has Massive Write-off on MSRs, Will Others Too?

The down draft in interest rates forced JPMorgan Chase to take a $4.4 billion (36%) writedown on the value of its mortgage servicing rights in the third quarter, according to information released by the company.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_453/jpm_msr-writeoff-1026978-1.html

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