MSRs

Ginnie Mae EBO loan market buffeted by rising rates 

“The mindset is that … there’s not much else out there to buy right now,” said Brendan Teeley, senior vice president of whole loan sales and trading for MIAC’s Capital Markets Group. “And given it’s Ginnie Mae, there’s a great deal of confidence that you will get paid [because the underlying loans are insured], so on a risk-weighted basis, it’s a great asset.”