#basel-iii

#basel-iii

The proposal would reduce capital requirements for the largest U.S. banks to a range of 3.5% to 4.5%, allowing more flexibility in economic stress.

"We're the tenth-largest bank servicer in the country. We've bought MSRs, and that's purely an economic play. The immortal role of buying low and selling high applied when we bought MSRs when they were at 3% and 4% interest rates."