The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.
Speculation that Wells Fargo is considering a huge bulk sale of MSRs may be a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede.
The government mortgage-bond insurer's requirements that restrict investor involvement are likely the greatest challenge to finding more purchasers of MSRs, experts said at a servicing conference Monday.
The mortgage servicing rights market just keeps on ticking even as the overall housing market takes a licking. But market observers are keeping a close watch on Ginnie Mae MSR portfolios.