Thanks to rising rates and sagging home values, early buyouts from Ginnie MBS are starting to look long in the tooth. Opportunities are out there, but are not for the faint of heart. (Includes data chart.)

An industry trade group wants Ginnie to make permanent an assistance program that aided just a handful of nonbank servicers.

The halcyon days of sizeable MSR markups are in the rearview mirror, causing servicing owners to ponder their options. Some nonbanks continue to actively sell servicing rights while others are being told by their advisors to hold their cards.

The debt prices of select nonbank lenders have improved in recent weeks, but remain in the speculative bucket. As spring approaches, originators and their investors are hoping for the best. What else can they do?

MorVest CEO David Fleig noted that servicing costs have "gone way up over the past year."

Given the yield on the security, the offering should be well received.

But will Better's new offering help the lender beat the competition in a tough market?

Others found a way to avoid the day of reckoning, but time may be running out...

USB’s servicing portfolio grew to $243.6 billion at yearend...

Signs of spring: A 7% rise in new applications...