Quote of the Day

“Production profitability was close to break-even in the first quarter of 2025 despite a decline in volume and an increase in production expenses.”
MBA’s Marina Walsh, CMB

An MSR Update from MIAC Analytics

For years, conventional wisdom has assumed that “normal” turnover implies a minimum lifetime Conditional Prepayment Rate of 6%. MIAC Analytics Managing Director of MSR Valuations Mike Carnes challenges those assumptions.