MSR Market Update – Q3 2022

Posted in MIAC Publications, MSR Market Updates, Recent News.

By Mike Carnes, Managing Director, MSR Valuations Group MSR Price Changes (YTD 2022) As displayed in Figure 1, MIAC Generic Servicing Assets™ (GSAs) have experienced significant YTD 2022 price increases across all four sectors and both vintages, with a UPB-weighted increase of 1.17 multiple (or 30.0%). Within Conventional products, pricing increased substantially more for 30-year… Read more »

MSR Market Update – Q1 2022

Posted in MIAC Publications, MSR Market Updates, Perspectives.

By Mike Carnes, Managing Director, MSR Valuations Group MSR Pricing MSR prices continued their dramatic ascent in Q1 2022. As displayed in Figure 1, MIAC Generic Servicing Assets (GSAs™) experienced first quarter price increases across all four sectors and both vintages, with a UPB-weighted Q-on-Q increase of 0.97 multiple (or 24.9%). Within Conventional products, pricing… Read more »

Residential MSR Market Update – Q3 2021

Posted in MIAC Publications, MSR Market Updates, Perspectives.

By Mike Carnes, Managing Director, MSR Valuations Group MSR Pricing YTD MIAC Generic Servicing Assets (GSAs™) have seen YTD price increases across all sectors, with a UPB-weighted increase of 30.7%. Across Conventional products, pricing increased substantially more for 30-year than for 15-year. This is due to (a) 30-year primary rates increasing by more than 15-year… Read more »

Residential MSR Market Update – November 2020

Posted in MIAC Publications, 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 »

Residential MSR Market Update – July 2020

Posted in MIAC Publications, MSR Market Updates.

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 »

Residential MSR Market Update – February 2020

Posted in MIAC Publications, MSR Market Updates.

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 »

Residential MSR Market Update – January 2020

Posted in MIAC Publications, MSR Market Updates.

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 »

Residential MSR Market Update and Research Insights – November 2019

Posted in MIAC Publications, MSR Market Updates.

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 »