MBS trading increased in March, but not dramatically. Still, concerns persist, including Treasury yields bucking historical norms. Ginnie Mae delinquencies are also an issue.
First-quarter results are beginning to roll in — along with the news that servicing values were lower than at yearend. With MSR demand red hot, the industry isn’t losing any sleep.
The parent company of Better Mortgage reached an agreement with SoftBank to restructure debt, prompting a jump in Better’s stock price. However, Better’s cash reserves are dwindling.