Based on the changes to key market indices, month-over-month MIAC’s Conventional 30-YR GSA Index declined by 3 basis points, but there was considerable price volatility along the way. In the last week of August, MSR’s rallied to recover nearly all the earlier losses. Some of the rally was attributable to national mortgage delinquency rates being… Read more »
MSR Market Updates
MIAC’s Monthly MSR updates offer insight on mortgage delinquencies, mortgage prepayment speeds, mortgage market volatility, effects of unemployment, monthly GSA data set, etc.
By definition a Mortgage Servicing Right, herein referred to as MSR(s), is a contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who, for a fee, performs the various functions required to service mortgages. As a servicer, firms are responsible for… Read more »
Home mortgage rates tend to move in the same direction as U.S. Treasuries but as-is traditionally the case, seldom is there a one-for-one relationship. Such was the case on Friday, June 24, 2016, when the U.S. Market awakened to the knowledge that the British electorate voted to leave the European Union which meant the beginning… Read more »