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56 Be merciful unto me, O God: for man would swallow me up; he fighting daily oppresseth me.

2 Mine enemies would daily swallow me up: for they be many that fight against me, O thou most High.

3 What time I am afraid, I will trust in thee.

4 In God I will praise his word, in God I have put my trust; I will not fear what flesh can do unto me.

5 Every day they wrest my words: all their thoughts are against me for evil.

6 They gather themselves together, they hide themselves, they mark my steps, when they wait for my soul.

7 Shall they escape by iniquity? in thine anger cast down the people, O God.

8 Thou tellest my wanderings: put thou my tears into thy bottle: are they not in thy book?

9 When I cry unto thee, then shall mine enemies turn back: this I know; for God is for me.

10 In God will I praise his word: in the Lord will I praise his word.

11 In God have I put my trust: I will not be afraid what man can do unto me.

12 Thy vows are upon me, O God: I will render praises unto thee.

13 For thou hast delivered my soul from death: wilt not thou deliver my feet from falling, that I may walk before God in the light of the living?

71 In thee, O Lord, do I put my trust: let me never be put to confusion.

2 Deliver me in thy righteousness, and cause me to escape: incline thine ear unto me, and save me.

3 Be thou my strong habitation, whereunto I may continually resort: thou hast given commandment to save me; for thou art my rock and my fortress.

4 Deliver me, O my God, out of the hand of the wicked, out of the hand of the unrighteous and cruel man.

5 For thou art my hope, O Lord God: thou art my trust from my youth.

6 By thee have I been holden up from the womb: thou art he that took me out of my mother's bowels: my praise shall be continually of thee.

7 I am as a wonder unto many; but thou art my strong refuge.

8 Let my mouth be filled with thy praise and with thy honour all the day.

9 Cast me not off in the time of old age; forsake me not when my strength faileth.

10 For mine enemies speak against me; and they that lay wait for my soul take counsel together,

11 Saying, God hath forsaken him: persecute and take him; for there is none to deliver him.

12 O God, be not far from me: O my God, make haste for my help.

13 Let them be confounded and consumed that are adversaries to my soul; let them be covered with reproach and dishonour that seek my hurt.

14 But I will hope continually, and will yet praise thee more and more.

15 My mouth shall shew forth thy righteousness and thy salvation all the day; for I know not the numbers thereof.

16 I will go in the strength of the Lord God: I will make mention of thy righteousness, even of thine only.

17 O God, thou hast taught me from my youth: and hitherto have I declared thy wondrous works.

18 Now also when I am old and greyheaded, O God, forsake me not; until I have shewed thy strength unto this generation, and thy power to every one that is to come.

19 Thy righteousness also, O God, is very high, who hast done great things: O God, who is like unto thee!

20 Thou, which hast shewed me great and sore troubles, shalt quicken me again, and shalt bring me up again from the depths of the earth.

21 Thou shalt increase my greatness, and comfort me on every side.

22 I will also praise thee with the psaltery, even thy truth, O my God: unto thee will I sing with the harp, O thou Holy One of Israel.

23 My lips shall greatly rejoice when I sing unto thee; and my soul, which thou hast redeemed.

24 My tongue also shall talk of thy righteousness all the day long: for they are confounded, for they are brought unto shame, that seek my hurt.

If you do not appreciate Psalm 91 , let others that are Christian mind have space here, I did it for everyone not you.

I pass your statement

God made David Blaine and God created Psalm 91

I saw him live in a box for weeks at the time in UK without water and food and the media carried every bit of it.

Have you not seen or heard David Blaine ? YouTube videos are everywhere to view

If magic works why do you doubt faith not working too ?

91 He that dwelleth in the secret place of the most High shall abide under the shadow of the Almighty.

2 I will say of the Lord, He is my refuge and my fortress: my God; in him will I trust.

3 Surely he shall deliver thee from the snare of the fowler, and from the noisome pestilence.

4 He shall cover thee with his feathers, and under his wings shalt thou trust: his truth shall be thy shield and buckler.

5 Thou shalt not be afraid for the terror by night; nor for the arrow that flieth by day;

6 Nor for the pestilence that walketh in darkness; nor for the destruction that wasteth at noonday.

7 A thousand shall fall at thy side, and ten thousand at thy right hand; but it shall not come nigh thee.

8 Only with thine eyes shalt thou behold and see the reward of the wicked.

9 Because thou hast made the Lord, which is my refuge, even the most High, thy habitation;

10 There shall no evil befall thee, neither shall any plague come nigh thy dwelling.

11 For he shall give his angels charge over thee, to keep thee in all thy ways.

12 They shall bear thee up in their hands, lest thou dash thy foot against a stone.

13 Thou shalt tread upon the lion and adder: the young lion and the dragon shalt thou trample under feet.

Do All Mortgage Originators Sell to the Secondary Market?

Not all mortgage originators sell their newly originated loans, but most do. Mortgages represent a good amount of risk and most lenders want the quick profit of selling the mortgage to a larger entity.

Is a Mortgage Broker the Same as a Mortgage Officer?

A mortgage officer works for a single institution, whereas a mortgage broker typically works directly with a borrower to find the best rates from a pool of lenders. A mortgage broker works on your behalf, rather than on the lenders'.

Ask your bank manager for how to go about it.

What Types of Lenders Make Up the Primary Market?

Banks, credit unions, mortgage banks, and online lenders make up the primary mortgage market. Mortgage brokers may be the connecting points for borrowers and lenders and interact at the primary level, although they aren't technically the lenders.

Different Types of Mortgage Originators

Mortgage bankers and mortgage brokers represent two of the most common types of mortgage originators. While the titles sound similar, important distinctions exist between the two. A mortgage banker works for a lending institution that funds loans at closing with its own money. Most retail banks and credit unions employ mortgage bankers.

A mortgage broker, by contrast, serves as a middleman between the borrower and various mortgage banking institutions. The broker takes the application, checks credit and income, and often handles much of the underwriting and processing but ultimately ferrets the loan out to a lending institution to fund it at closing.

Primary vs. Secondary Mortgage Market

The primary mortgage market is the initial marketplace where the borrower gets together with the mortgage originator, whether a bank, credit union, or mortgage broker, to conduct a mortgage transaction. At the closing table, the primary mortgage lender provides the funds to the borrower, which the borrower uses to complete their home purchase.

The primary mortgage market is highly fragmented in the United States. While there are several large firms that originate a large percentage of mortgages, there are thousands of smaller firms and individuals that also account for a large percentage of total mortgage originations.

Once originated, the servicing rights to mortgages frequently get sold from one institution to another. This activity takes place on the secondary mortgage market, termed as such because buying and selling in this marketplace can only occur after a mortgage is already in force. Government-sponsored enterprises (GSEs), such as Fannie Mae and Freddie Mac, represent some of the largest buyers on the secondary market. Secondary buyers sometimes package pools of loans into mortgage-backed securities (MBS) and sell them.

Tallying up what percentage of originations belong to which mortgage originator depends on how an origination is counted. Since a large percentage of newly originated mortgages are immediately sold into the secondary mortgage market, they might be counted by the institution that purchases the mortgage in the secondary market as an origination, thus double-counting the origination.

Understanding a Mortgage Originator

The mortgage originator is the first company involved in the creation of a mortgage. Mortgage originators consist of retail banks, mortgage bankers, and mortgage brokers. While banks use their traditional sources of funding to close loans, mortgage bankers typically use what is known as a warehouse line of credit to fund loans.
Most banks, and nearly all mortgage bankers, quickly sell newly originated mortgages into the secondary mortgage market.

However, depending on its size and sophistication, a mortgage originator might aggregate mortgages for a certain period of time before selling the whole package; it might also sell individual loans as they are originated. There is risk involved for an originator when it holds onto a mortgage after an interest rate has been quoted and locked in by a borrower. If the mortgage is not simultaneously sold into the secondary market at the time the borrower locks the interest rate, interest rates could change, which changes the value of the mortgage in the secondary market and, ultimately, the profit the originator makes on the mortgage. A mortgage calculator can show you the impact of different rates on a monthly mortgage payment.
Originators that aggregate mortgages before selling them often hedge their mortgage pipelines against interest rate shifts. There is a special type of transaction called a best-efforts trade, designed for the sale of a single mortgage, which eliminates the need for the originator to hedge a mortgage. Smaller originators tend to use best-efforts trades.

In general, mortgage originators make money through the fees that are charged to originate a mortgage and the difference between the interest rate given to a borrower and the premium a secondary market will pay for that interest rate.

What Is a Mortgage Originator?

A mortgage originator is an institution or individual that works with a borrower to complete a home loan transaction. A mortgage originator is the original mortgage lender and can be either a mortgage broker or a mortgage banker. Mortgage originators are part of the primary mortgage market and must work with underwriters and loan processors from the application date until closing to gather the necessary documentation and guide the file through the approval process.

History of MSRs

The market for MSRs tends to be strong during periods of economic growth, due to higher quality mortgage originations and fewer defaults. Hedge funds, banks, and real estate investment trusts (REITs) find these assets attractive because MSRs can yield high amounts of interest. For example, SunTrust purchased $8 billion in MSRs in the first quarter of 2016 as a means of earning a solid return on investment (ROI), and within months its MSR portfolio contained $1.123 billion in unpaid principal balances of loans that the bank was servicing for lenders.

National Mortgage News reported in June 2019 that MSRs "have been one of the best-performing fixed-income asset classes over the past five years." However, it also reported that "since October 2018, as medium- and long-term interest rates have fallen, projected and actual mortgage prepayment assumptions have accelerated, causing the expected average life of MSRs to shorten considerably."

As a result, "MSR values from April to May were down consistently (by a half) multiple." That said, reports National Mortgage News, "the demand from MSR buyers is still very strong, and there is general consensus around MSR values."

Special Considerations

A lender will often sell MSRs as a means of freeing up lines of credit so it can lend money to additional borrowers. The majority of mortgages are in effect for 15 to 30 years, and the bank needs billions of dollars to lend money to other consumers requesting mortgages during this time. Because the term is so long, it is important to do thorough research among the best mortgage lenders.

In a roundabout way, selling MSRs means that more people can become homeowners because the sale of these rights produces revenue.

Lenders also make money by charging fees for originating mortgages and earning monthly interest from payments. Mortgages are simply additional assets that bring in more revenue for banks.

Example of Selling an MSR

Sarah takes out a $500,000 mortgage from Lender A. She sends the lender a monthly payment of principal and interest. Three years later, Lender A decides to transfer its MSR on Sarah’s mortgage to Company B. Under the terms of the contract, Company B is paid a fee by Lender A for processing all of Sarah’s remaining mortgage payments. The mortgage lender can then spend more time and money providing new mortgages while the company assuming the MSR forwards the mortgage payments to the lender. Sarah now sends her monthly payment to Company B instead of Lender A.

Understanding Mortgage Servicing Rights (MSR)

Mortgages have ongoing administrative duties that are regularly processed for the entire length of a mortgage. Common rights included in MSRs are the right to collect mortgage payments monthly, set aside taxes and insurance premiums in escrow, and forward the interest and principal portions to the mortgage lender. In return, the servicer is compensated with a specific fee, which is outlined in the contract that has been established and entered into at the beginning of the servicing agreement.

The mortgage payment amount, interest rate, type of loan, and other factors remain the same. As far as the borrower is concerned, only the address to which payments are sent is changed, and you should contact the servicer, rather than your original mortgage lender, with any questions you may have regarding your loan. Your servicer can change at any time, but you should receive notice from your original lender at least 15 days before it happens, and your new servicer should notify you within 15 days of assuming rights as well.

What Are Mortgage Servicing Rights (MSR)?

Mortgage servicing rights (MSR) refer to a contractual agreement in which the right to service an existing mortgage is sold by the original mortgage lender to another party that specializes in the various functions involved with servicing mortgages.

Where Mortgage Excess Servicing Comes From

Mortgage excess servicing may be a result from the handling of mortgages that are bundled by the originator, and then sold. If the buyer does not service the loan themselves, they might enter into servicing agreement possibly with the originator or a third party. Under such an arrangement, the servicer will typically retain the right to receive part of the interest payments made by the borrowers, with respect to the overall pool of mortgages being serviced.

A mortgage serving spread is the amount of interest retained by the servicer, and is regarded in part by the servicer as a form of reasonable compensation for the services that were performed. If there is a portion of a mortgage servicing spread that exceeds what could be deemed reasonable compensation for services performed, this is called the excess servicing spread and would represent a continuing investment in the interest portion of an underlying mortgage pool.

The Internal Revenue Service (IRS) has previously ruled that ownership of certain mortgage excess servicing spreads would constitute a real estate asset and thus income from the excess servicing spreads would be treated as interest on obligations secured by mortgages on real property.
This ruling was deemed applicable for real estate investment trusts for tax purposes.

How Mortgage Excess Servicing Works
A servicing fee is the percentage of each mortgage payment made by a borrower to a mortgage servicer as compensation for keeping a record of payments, collecting, and making escrow payments, passing principal and interest payments along to the note holder. Servicing fees generally range from 0.25% to 0.5% of the outstanding mortgage balance each month. The mortgage excess servicing fee typically goes to the servicer of the loan and may serve as a guarantee fee for the underwriter of the MBS.

For example, in a typical MBS deal, if the interest rate on a mortgage is 8%, the MBS holder might receive 7.5%, the servicer of the mortgage receives 0.25% servicing fee and the MBS underwriter gets 0.15% This leaves the remaining 0.10% (8% - 7.5% - 0.25% - 0.15% = 0.10%) as excess servicing.
Mortgage excess servicing for MBS is subject to prepayment and extension risk. When excess servicing is priced, it is valued based on an estimate of how long the annuity will last. This must be estimated since it cannot be known for certain when a mortgage borrower might refinance or otherwise pay off his or her mortgage. The value of excess servicing can change dramatically when interest rates change, because changes in current interest rates relative to the interest rate on the mortgage determine how long the annuity of excess servicing associated with that mortgage might last.

What Is Mortgage Excess Servicing?
Mortgage excess servicing is a fee based off of the percentage of the monthly cash flow of mortgage backed securities (MBS) that remains after the cash flow has been divided into a coupon and principal payment for the MBS holder.

What Is Considered Mortgage Servicing?

The mortgage servicer collects the loan payments from the borrower and may also forward a portion of the payment to pay for property taxes and insurance.

Who Pays Mortgage Servicing Fees?

The borrower or homeowner pays the mortgage servicing fees, which can range from 0.25% to 0.50% of the mortgage loan balance.

What Fees Are Charged for Taking Out a Mortgage?

Typically, a mortgage loan involves several fees, including for the application, underwriting, title search, appraisal, processing of the loan, and a mortgage servicing fee charged by the mortgage servicer for collecting and processing the monthly payments.

Other Mortgage Loan Costs

Servicing fees are generally deducted from a mortgage automatically. However, borrowers should be aware that there are several costs to a mortgage loan besides the principal and interest payments due each month. The servicing fee is only one of those fees.

Closing costs are due at the loan's closing, which is when the paperwork is signed and the funds are dispersed. Closing costs often cost 3%-4% of the home's price and can include a payment for property taxes and homeowners' insurance. Other fees are charged for a title search, pulling your credit report, and appraisal.

However, some lenders may pay these fees but embed them within the loan's interest rate or add them to the loan's principal balance, often called a no-cost mortgage. All these factors should be taken into consideration when shopping for a mortgage or loan.

How a Servicing Fee Works

Loan servicing is the administration aspect of a loan from the time the proceeds are dispersed by the mortgage lender until the loan is paid off. In addition to collecting the monthly payments from the borrower, the mortgage loan servicer performs the following duties:

Administration of a loan includes verification of the mortgage
Sending monthly payment statements
Maintaining records of payments and balances
Collecting and paying taxes and insurance (and managing escrow and impound funds)
Remitting funds to the note holder, overnight shipping
Following up on delinquencies

Loan servicers are compensated by collecting a small percentage of each periodic loan payment, known as a servicing fee.
In addition to earning the actual servicing fee, in most cases, mortgage servicers also benefit from being able to invest and earn interest on a borrower's escrow payments as they are collected until they are paid out to taxing authorities, insurance companies, etc. Mortgage servicing rights (MSR) trade in the secondary market much like mortgage-backed securities (MBS).

What Is a Servicing Fee?

A servicing fee is the percentage of each mortgage payment made by a borrower to a mortgage servicer as compensation for keeping a record of payments, collecting, and making escrow payments, passing principal and interest payments along to the note holder. Servicing fees generally range from and annual rate of 0.25% to 0.50% of the outstanding mortgage balance that is paid monthly.

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