MSR Market Updates

Stay Informed with MIAC’s Monthly Mortgage Servicing Rights MSR Market Updates

In today’s Mortgage Servicing Rights MSR market, staying informed is vital. MIAC’s monthly updates equip you with the insights you need to make confident business decisions. These reports delve into critical factors that directly impact MSR valuations and profitability.

MIAC’s Mortgage Servicing Rights MSR Market Updates provide a comprehensive understanding of current market conditions. Through analysis of prepayment speeds, delinquency rates, and mortgage market volatility, you gain a clear picture of the landscape. Additionally, the reports leverage in-depth analysis of data from the Government Sponsored Enterprises (GSEs) to provide valuable benchmarks for your own portfolio performance. Expert commentary helps you interpret how economic factors like unemployment can impact MSRs, empowering proactive management of your portfolio.

March 2026 MSR Market Update: Valuation Trends, Bulk Pricing, and Prepayment Dynamics

Posted in MSR Market Updates, Recent News.

By Mike Carnes, Managing Director, MSR Valuations Group, MIAC Key Takeaways Mortgage rates declined modestly, increasing refinance incentive and creating some incremental pressure on MSR valuations MSR pricing remains supported by strong investor demand, though pricing continues to reflect sensitivity to rate volatility and prepayment expectations Recapture assumptions continue to create material pricing gaps, particularly... Read more »

Should Lenders Retain or Sell Mortgage Servicing Rights (MSRs)? A Strategic Framework

Posted in MSR Market Updates, Recent News.

By Mike Carnes, Managing Director, MSR Valuations Group | February 2026 This article explains how lenders should evaluate whether to retain or sell MSRs, and why execution quality often matters more than market timing or portfolio composition. This analysis reflects MIAC Analytics’ experience advising banks, independent mortgage banks, and capital markets investors on MSR valuation,... Read more »

FHA and VA Prepayment Behavior is Separating Within GNMA Pools

Posted in MSR Market Updates, Recent News.

By Ian Richards, Senior Vice President, Borrower Analytics Group | January 2026 Our clients and readers know that there is considerable heterogeneity within the GNMA sector, which is dominated by FHA-insured and VA-guaranteed loans. These differences include average balance, credit characteristics, LTV, and other attributes. While VA loans have always been more sensitive to rate... Read more »

Residential MSR Market Update – November 2025

Posted in MSR Market Updates, Recent News.

By Mike Carnes, Managing Director - MIAC MSR Valuations Group Fair Market Value Update Following the Federal Reserve’s recent 25-basis-point rate cut, mortgage rates initially moved lower but have since leveled off. Market sentiment has moderated in response to Chair Powell’s recent comments, which suggested that additional rate reductions in 2025 are not guaranteed. MIAC’s... Read more »

Residential MSR Market Update – July 2025

Posted in MSR Market Updates, Recent News.

By Mike Carnes, Managing Director; Jennifer Howell, Managing Director; Nicholas Manolis, SVP – MIAC MSR Valuations Group Fair Market Value Update From end-of-month May to end-of-month June 2025, MIAC’s Primary 30-Year Mortgage Rate (C30 PMR) declined by approximately 27 basis points, while the benchmark earnings rate (5-Year SOFR) fell by roughly 18 basis points. These… Read more »

Residential MSR Market Update – April 2025

Posted in MSR Market Updates, Recent News.

By Mike Carnes, Managing Director; Jennifer Howell, Managing Director; Nicholas Manolis, SVP – MIAC MSR Valuations Group Fair Market Value Update From end-of-month February 2025 to end-of-month March 2025, MIAC’s primary 30-year mortgage rate (C30 PMR) remained essentially flat while earnings rate (SOFR 5Y) dropped by 9 basis points. Source: MIAC Analytics™ Source: MIAC Analytics™… Read more »

Residential MSR Market Update – February 2025

Posted in MSR Market Updates.

By Mike Carnes, Managing Director, MSR Valuations Group Ginnie Mae Performance From our vantage point, higher delinquencies continue to plague newer vintage Ginnie Mae MSRs. From November ’24 to January ’25 MIAC respectively tracked $617, $730, and $563 million in early buyouts for a 3-month total of $1.91 billion. In addition, there was another $1.7… Read more »