Download MCT Memo:
Ginnie Mae Prepay Update for MSRlive!
This is a timely announcement that MCT has updated our Ginnie Prepay Model and will incorporate it into our MSRlive! cloud-based MSR portfolio valuation software as of April 1, 2020.
Complete the form to download the memo.
Download Whitepaper
Fill out the form to view MCT’s Ginnie Mae Prepay Update for MSRlive! memo.
About the Memo:
MCT’s MSR Services reviews and modifies MSR assumptions as part of maintaining as accurate a cash flow tool as possible. In that regard, we are implementing a new government prepay model reflecting the latest data from Ginnie pools.
We have modified the prepayment speeds based on three factors:
- Geographic Effect
- “In-the-Money”-ness (the reaction of Ginnie borrowers to refi opportunities as rates decline)
- Loan Balance
Read the memo to learn of our prepay model changes and how it affects MSRlive!.
Download our memo today to learn about this MSRlive! update.
“After a deep dive into the Ginnie loan level data, we modified the prepayment speeds based on three factors: (i) geography, (ii) “in the moneyness” (the reaction of Ginnie borrowers to refi opportunities as rates decline) and (iii) loan balance. ”
Phil Laren, Director of MSR Services writing in Ginnie Mae Prepay Update for MSRlive!
About the Author:
Phil Laren, Director of MSR Services at MCT
MCT’s mortgage servicing software, MSRLive!, was created by industry veteran Phil Laren.
Mr. Laren has more than 30 years experience in Capital Markets, predominantly in servicing. He is experienced in all aspects of servicing, modeling, pricing, trading, negotiating, hedging, risk analysis, accounting analysis and operations. He is also very experienced building teams and managing traders & analysts.
Mr. Laren holds Advanced degrees in statistics and econometrics.
Phil Laren, Director of MSR Services