Winston & Strawn Sponsors, Attorneys Speak at IMN’s Mortgage Servicing Rights Conference 2023

Winston & Strawn was proud to sponsor IMN’s Mortgage Servicing Rights Conference on November 9-10, 2023, in New York. IMN’s Annual Mortgage Servicing Rights (MSR) Forum is the only event that explores the investment, trade, risk management, and service of the MSR asset.

Of counsel Paul Libretta spoke on the panel, “Financing & Securitization: The Latest Terms, Structures & Deals” at the conference. 

Key Takeaways

Financing & Securitization: The Latest Terms, Structures & Deals

Panelists discussed the following topics:

• • A general overview of mortgage servicing right financings (ie, secured lending market vs. capital markets), and current issues faced in connection with those structures
  • Current market pricing benefits for servicers to issue term loans versus term notes in master trust structures
  • Freddie Mac views as to the conditional nature of the “servicing contract right,” and implications for excess servicing spread sales
  • Market trends in connection with excess spread sales
  • The distinction between excess spread sales and an XSIO transaction (where the available servicing spread is reduced)
  • Market conditions for servicing advance facilities and the expectations of the Agencies