William R. Starkey's timing is looking pretty good.

Accubanc Mortgage, the Dallas mortgage bank he runs, sold off virtually all its servicing rights-$8.6 billion of them-on July 31. Since then, crises in emerging markets have prompted a rally in U.S. Treasury bonds, pushing long-term interest rates lower.

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.