Identify Where the MSR Market is Trading
GSAs cover a broad spectrum of the outstanding mortgage servicing population. Where there are large outstanding cohorts of mortgage servicing rights, a GSA is created.
GSA Pricing and Reporting Subscription
View and download daily GSA pricing and the GSA product level index through MIAC’s client web portal
Download multiple dates’ GSA prices, save to the GSA portfolio, and manage the price repository using WinOAS™
Automatically compute Option-Adjusted Spread, Option-Adjusted Duration, and Option-Adjusted Convexity for each GSA
A Capital Markets View of MSRs
GSA attributes are aggregated from the actual underlying loan collateral at the product type, coupon, and vintage year cohort level. The loan collateral attributes and the MSR cash flow components of the GSAs change annually so that the daily price changes are attributable solely to market factors and not portfolio composition changes.
GSA Web Services and Download Capabilities
GSA Level One subscribers can access the daily GSA pricing through our authenticated client web portal. The GSA Product Level Index price history is also viewable and downloadable.
MSR Market Price Indexes
MIAC prices each of these GSA cohorts and aggregates the GSA level prices to the Product Level. The aggregate pricing of each Product Type is weighted by the current outstanding UPB for each GSA cohort, established annually.
A competitive new production pricing grid that has been benchmarked across multiple pricing sources for a wide range of products.
Loan attribute adjustments such as state, loan program, LTV, FICO, terms, and remittance information
Excess servicing multiples for loans originated over the minimum base servicing fee
Multiple servicing girds for GNMA execution of 44 bps, 31.5 bps, and 19 bps