JHM Mortgage Securities LP is the latest casualty of heavy prepayments stemming from the boom in mortgage refinancings.

The McLean, Va.-based company, one of the few owners of servicing rights that farms out the actual servicing announced it would take a writedown against its portfolio in the third quarter. It said a loss of $4 million to $6 million would result.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.