What does agency business — mortgage servicing rights mean?

The fair value or carrying amount of rights to service mortgage loans for third-party investors. This asset represents the present value of future servicing fees, net of related costs, expected to be earned over the life of the serviced loans.

Franklin BSP Realty Trust FBRT Agency Business — Mortgage servicing rights

Other segment segments

Conduit

$0—

Real Estate Debt and Other Real Estate Investments

$0—

Real Estate Owned

$0—

Similar metrics at other companies

ABRAgency Business — Capitalized mortgage servicing rights, net

$331.93M-7.1%

ABRAgency Business — Mortgage servicing rights

$9.66M+18.8%

ABRAgency Business — Amortization of capitalized mortgage servicing rights

$18.29M+3.0%

PFSMortgage servicing rights

$1.05M-5.3%

AVB

AVBCMortgage Servicing Rights

$3.09M-6.2%

LARKMortgage Servicing Rights

$3.22M+5.8%

Other financials

Income statement

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Revenue$74.4M+35.1%

Net income$12.0M-50.2%

EPS (diluted)$0.07-65.0%

Balance sheet

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Cash & equivalents$115.6M-46.3%

Total debt$10.0M—

Total equity$1.4B-7.2%

Total assets$6.3B+11.4%

Cash flow

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Operating cash flow-$54.0M-146%

Valuation

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Market cap$621.86M-31.5%

Enterprise value$516.29M—

P/E8.9×+0.6×

P/S2.2×-2.1×

Profitability

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Net margin24.3%-14.5pp

Returns & leverage

See full

Return on equity4.9%-0.6pp

Debt / equity0×—

Where this comes from

Reported directly by Franklin BSP Realty Trust in its filing.

Tagged under the XBRL concept bsprt:OriginatedMortgageServicingRightsRevenue.

The official record: Franklin BSP Realty Trust’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Franklin BSP Realty Trust's agency business — mortgage servicing rights?: Franklin BSP Realty Trust (FBRT) reported agency business — mortgage servicing rights of $6.74M in Q1 2026.
What does agency business — mortgage servicing rights mean?: The fair value or carrying amount of rights to service mortgage loans for third-party investors. This asset represents the present value of future servicing fees, net of related costs, expected to be earned over the life of the serviced loans.