MSR Market Updates

Month-over-Month From end-of-month October to end-of-month November, the MIAC Generic Servicing Assets (GSAs™) Conv_30 Index decreased by 4.30%, and the GNII_FHA_30 Index decreased by 6.90%. During the month of November, Conv_30 Index OAS’s tightened to close the month at 1,307.7 bps, for a decrease of 7 bps. The GNII_FHA_30 Index OAS’s widened to 1,638.3 bps… Read more »

Month-over-Month From end-of-month June to end-of-month July, the MIAC Generic Servicing Assets (GSAs™) Conv_30 Index decreased by 5.05%, and the GNII_FHA_30 Index decreased by 0.57%. During the month of July, Conv_30 Index OAS’s tightened to close the month at 1,258.3 bps, for a decrease of 36.4 bps. The GNII_FHA_30 Index OAS’s tightened to 1,571.8 bps,… Read more »

Month-over-Month From end-of-month January to end-of-month February, the MIAC Generic Servicing Assets (GSAs™) Conv_30 Index decreased by 7.12%, and the GNII_FHA_30 Index decreased by 9.32%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2018 cohort decreased by 8.09%, and the GNII_FHA30_3.5_2018 cohort decreased by 9.15%. During the month of February,… Read more »

Month-over-Month From end-of-month December to end-of-month January, the MIAC Generic Servicing Assets (GSAs™) Conv_30 Index decreased by 5.22%, and the GNII_FHA_30 Index decreased by 7.70%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2018 cohort decreased by 5.63%, and the GNII_FHA30_3.5_2018 cohort decreased by 4.97%. During the month of January,… Read more »

Year-Over-Year How is it that time seems to fly by yet certain events seem to have occurred so long ago? I’m sure some of you may have already forgotten that 2019 began with the longest government shutdown in US History, lasting from December 22, 2018, to January 25, 2019. Who would have known at that… Read more »

Since last month’s issue, we added a “Research Insights” series to our Monthly Residential MSR Update. These Insights are designed to be both short and topical. Your feedback is essential to accomplishing these twin objectives. We welcome comments on existing articles as well as suggestions for future ones. The additional content will follow the MSR… Read more »

Beginning with this issue, we are adding a “Research Insights” series to our Monthly Residential MSR Update. These Insights are designed to be both short and topical. Your feedback is essential to accomplishing these twin objectives. We welcome comments on existing articles as well as suggestions for future ones. The additional content will follow the… Read more »

Month-over-Month From end-of-month August to end-of-month September, the MIAC Generic Servicing Assets, (GSAs™) Conv_30 Index increased by 3.53% and the GNII_FHA_30 index increased by 3.15%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2016 cohort increased by 3.70% and the GNII_FHA30_3.5_2016 cohort increased by 3.23%. During the month of September,… Read more »

Month-over-Month From end-of-month July to end-of-month August, the MIAC Generic Servicing Assets, (GSAs™) Conv_30 Index decreased by 7.45% and the GNII_FHA_30 index decreased by 12.96%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2016 cohort decreased by 8.03% and the GNII_FHA30_3.5_2016 cohort decreased by 17.06%. During the month of August,… Read more »