January 18, 2017 / Press Release New York, NY – On January 10th, Mortgage Industry Advisory Corporation (MIAC), hosted the first in a series of private events to launch its CECL process rollout, in Midtown, NYC. CECL, or Current Expected Credit Loss, and other FASB pronouncements introduced since the crisis, differ from precedent in that the new… Read more »
Recent News
Recent News – Events, Industry News, Press Releases – MIAC Analytics
MIAC places $339 Million Seasoned First Lien Whole Loan HELOCs
New York – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its whole loan desk successfully placed approximately $339mm of seasoned, first lien HELOC whole loans. For additional information, please contact the undersigned. The successful execution of this loan sale represents an important transaction for MIAC Capital Markets, as we continue to expand… Read more »
$60 Million Per Month FNMA Concurrent Flow Servicing Offering
Bid Date: 1/12/2017 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $60 Million Per Month FNMA Concurrent Flow Servicing Offering. The portfolio is being offered by a full-service mortgage banker and one of the largest Realtor-affiliated mortgage companies in the United… Read more »
Mike Bugbee Joins MIAC as Senior Vice President of the Client Solutions Group
December 13, 2016 / Press Release New York, NY- The Mortgage Industry Advisory Corporation (“MIAC”), a leading provider of capital market advisory services and software tools for financial institutions, announced today that industry veteran Mike Bugbee has joined their team as Senior Vice President, Client Solutions Group. Mike brings a breadth of skills to the role,… Read more »
Performing, S&D Loan Sale – 201523
201523 Offering Memorandum Seller is a large, non-bank originator whom we have sold for in the past. We are exclusive brokers for this sale. These are agency fall out, performing loans. The full details are available on the tape provided through the NDA. The seller would like to close in 2016. Loan level bids are… Read more »
MIAC places $224 Million Seasoned First Lien HELOCs
New York – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its Whole Loan Desk, led by Brendan Teeley and Dan Thomas, successfully completed the second Sale of approximately $224mm of Seasoned, First Lien HELOCs. The sale consisted of both performing as well as non-performing mortgages. The seller is a large bank and the… Read more »
$890 Million FNMA / FHLMC / GNMA mortgage servicing portfolio
Bid Date: 10/18/2016 5:00 PM EST $890 Million FNMA / FHLMC / GNMA mortgage servicing portfolio Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $890 Million FNMA / FHLMC / GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage… Read more »
$1.5 Billion FNMA / FHLMC bulk servicing offering with an optional co-issue opportunity
Bid Date: 08/24/2016 5:00 PM EST $1.5 billion FNMA / FHLMC bulk servicing offering with optional $50 to $100 million per month co-issue Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $1.5 billion FNMA and FHLMC mortgage servicing portfolio with an optional co-issue… Read more »
MIAC places $100 million seasoned first lien HELOCs
New York – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its whole loan desk successfully placed approximately $100mm of seasoned, first lien HELOC whole loans. MIAC has also been engaged as the exclusive selling agent for an additional $220,000,000 of similar assets. $100,000,000 Seasoned first lien whole loan HELOCs For more information,… Read more »
A Better Way to Handle Prepayments – Mortgage Industry Medians (MIMs™)
Mortgage Industry Medians (MIMs™) – MIAC’s dealer consensus prepayment projection survey. New York, NY – Earlier this month, the British electorate voted to leave the European Union, ending 43 years of participation. As markets absorb the news, prepayment issues remain a prominent concern for mortgage market participants. A well-maintained dealer consensus prepayment projection survey can… Read more »