The market behind every mark.
A public read on the drivers of mortgage servicing value — rates and MBS, prepayment, MSR multiples, origination supply and credit. Illustrative synthetic data, directionally realistic.
Rates & MBS
The 30-year mortgage rate, agency MBS current coupon, and the 10-year Treasury — and the primary–secondary spread that drives every MSR mark.
Prepayment
Prepayment speed against refi incentive — the single most important input to an MSR valuation. In-the-money coupons run fast; deep out-of-the-money paper is worth more servicing.
MSR value
MSR value in basis points of UPB and as a multiple of the annual servicing fee, by note-rate bucket — slow, low-rate paper carries the richest marks.
Originations
Purchase vs. refi origination volume and refi share — the pipeline that feeds servicing-released flow and the run-off that erodes a book.
Delinquency
Delinquency by state and serviced UPB concentration — the servicing-cost, advance-obligation and credit risk embedded in every portfolio.
Price your book against this data.
Signal is the public layer. Behind access, the same models value your portfolio loan by loan and show you where it clears.