Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (5019)	3/20/2013 8:18:49 PM
From: Elroy	Read Replies (2) \| Respond to of 52115

As part of the monthly payment of the mortgage, the servicer (the one who sends you your statements) receives a fee. The servicer and lender need not be the same entity, but often they are. This fee is not on top of the principal and interest payment, but is taken out of those fees. Interesting, but it's hard to believe that this is an separate investable space. How many separate companies can there be that charge you a fee for sending you a monthly bill, and I can't imagine that they can charge much. If this toll collector is inside of a mortgage company I would think the monthly fee for sending you a bill would have to be just a teeny portion of their revenue. Are there and public companies in the Mortgage Service Fee space?