The book value of rights to service HomeSide's home loans jumped to $3.16 billion at March 31 from $2.62 billion in September, according to a Securities & Exchange Commission filing. National Australia stock rose 0.5 percent to A$35.68, just shy of a record A$35.85 on Feb. 28.
Australia's biggest bank wants to sell the rights to manage HomeSide's $171.3 billion of mortgages. NAB Chief Executive Frank Cicutto said May 9 the bank is ``open to offers'' for the servicing rights and there have been ``early signs of interest.''
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MSRs, are more valuable when rates rise, because customers are deterred from refinancing elsewhere.
NAB Boosts Value of HomeSide Loan Rights to $3.16
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Last
$31.48 |
Change
0.160(0.51%) |
Mkt cap ! $101.1B | |||
| Open | High | Low | Value | Volume |
| $31.29 | $31.64 | $31.11 | $120.8M | 3.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22654 | $31.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.50 | 158 | 1 |
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| Last trade - 16.10pm 17/05/2022 (20 minute delay) ? |
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Last
$31.51 |
Change
0.160 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $31.26 | $31.63 | $31.12 | 399612 | ||
| Last updated 15.59pm 17/05/2022 (live) ? | |||||
| NAB (ASX) Chart |