Encumbered Mortgage Servicing Rights Equity

Example Definitions of "Encumbered Mortgage Servicing Rights Equity"
Encumbered Mortgage Servicing Rights Equity. That portion of the MSR Valuation of the Encumbered Mortgage Servicing Rights that exceeds the Indebtedness encumbering such mortgage servicing rights.
Found in PNMAC Holdings, Inc. contract
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