MIAC Publications
Whole Loan Pricing Report – October 2025
Whole Loan Pricing Report – September–October 2025
Monthly Whole Loan Pricing Report – July-August 2025
MIAC’s Whole Loan Trading Desk reviews agency pricing trends, Treasury yield movements, and liquidity conditions across whole loan asset classes and provides an overview of key market insights. Market Commentary Agency pricing worsened in July. Pricing on the UMBS 5.5 was 100.07 to start the month and fell to 99.41 at month end, a -0.660%… Read more »
Monthly Whole Loan Pricing Report – May-June 2025
MIAC’s Whole Loan Trading Desk reviews agency pricing trends, Treasury yield movements, and liquidity conditions across whole loan asset classes and provides an overview of key market insights. Market Commentary Agency pricing declined in May, with the UMBS 5.5 falling from 99.55 at the start of the month to 99.00 at month-end, representing a 0.55%… Read more »
Monthly Whole Loan Pricing Report – April-May 2025
MIAC’s Whole Loan Trading Desk reviews agency pricing trends, Treasury yield movements, and liquidity conditions across whole loan asset classes and provides an overview of key market insights. Market Commentary Agency pricing softened in April, with the UMBS 5.5 declining from 100.07 on April 1st to 99.73 at month-end, reflecting a 0.34% price decrease. The… Read more »
Hedging in the MSR Market: A Deep Dive into Strategies, Risks, and Emerging Best Practices
In Volatile Times of Transition, the MSR Market Seeks to Help Safeguard Shareholder Value and Unlock its Potential We believe that the current landscape of the mortgage servicing rights (MSR) market reflects a dynamic interplay of volatility, risk, and opportunity. In this evolving environment, hedging can play a critical role in navigating risks while unlocking… Read more »
Streamlining GNMA SFPDM Deliveries: Choosing Between Licensing and Full-Service
In the ever-evolving world of mortgage delivery systems, efficiency and accuracy are paramount. For organizations selling loans to Ginnie Mae (GNMA), the Single Family Pool Delivery Module (SFPDM) delivery process can be challenging. Fortunately, MIAC’s Mortgage Delivery Specialists (MDS) offer two distinct solutions to help streamline this process: Licensing the DataRaptor® SFPDM™ software or opting… Read more »
Q&A with Mortgage Industry Veteran Paul Van Valkenburg
By Eric Leininger, CME Group At a Glance: • Mortgage-backed securities issuance has dropped to historic lows as borrowing rates have increased • New TBA futures aimed at mitigating MBS market risk are seeing increased trading volume Read the article and listen to the full conversation on CME Group’s OpenMarkets In an environment… Read more »
CORE Insights: Are FHA Purchase Loans a Lurking Credit Risk?
By Dick Kazarian, Managing Director, Borrower Analytics Group This article takes a closer look at the credit risk of FHA purchase loans within our CORE™ Residential Model Suite. We cover the following topics: • Core Model Framework • The Importance of a Competing Risk Framework • Segmentations within the Government-insured sector • … Read more »