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
$23.65 |
Change
-0.490(2.03%) |
Mkt cap ! $77.97B | |||
| Open | High | Low | Value | Volume |
| $24.04 | $24.06 | $23.55 | $114.0M | 4.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2149 | $23.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.66 | 9538 | 1 |
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| Last trade - 16.10pm 18/01/2021 (20 minute delay) ? |
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Last
$23.60 |
Change
-0.490 ( 2.31 %) |
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| Open | High | Low | Volume | ||
| $24.04 | $24.05 | $23.55 | 728251 | ||
| Last updated 15.59pm 18/01/2021 (live) ? | |||||
| NAB (ASX) Chart |