If there was ever any doubt that the mortgage market is in the midst of a restructuring, consider this: roughly $260 billion of mortgage servicing rights (MSRs) are currently up for grabs.

Then again, it also might be said that almost every single firm offering MSRs (or entire companies) has basically thrown up its hands and wants out of the processing business. And quite a few of these sellers are offering mostly “high touch” or nonprime servicing.

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