MSR investing veteran Michael Lau said investors that focus on recapture are “building today for what’s going to come tomorrow.”

The proposal aims to address issues similar to those that led to the failure of Reverse Mortgage Funding.

Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.

Pending home sales declined by 2.1% on a monthly basis in May.

Servicers face more onerous advance requirements for delinquent loans in Ginnie MBS compared with loans in GSE MBS.

Chase was the only servicer among the top five to have its nonprime mortgage servicing portfolio shrink between the fourth and the first quarters.

Some planned MSR sales are being scrapped because the seller has the MSR marked at a higher level than the highest bid.

This year, MSR sales could drop to $500 billion, still a great year historically speaking...

Fannie economists now only expect one rate cut by the Fed this year, possibly in December.

The mortgage delinquency rate declined to 3.04% as of the end of May, down from 3.09% at the end of April, according to Intercontinental Exchange.