August 26, 2015 / 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 Brendan Teeley has joined their team as vice president – whole loan sales/trader. Mr. Teeley will lead MIAC’s whole loan sales and trading desk…. Read more »
Recent News
Recent News – Events, Industry News, Press Releases – MIAC Analytics
MIAC Analytics™ launches VeriFi™ due diligence software solution
August 18, 2015 Press Release New York, NY – Mortgage Industry Advisory Corporation (MIAC), provider of financial analytics solutions, launches VeriFi™, a comprehensive due diligence software solution for the banking and lending industries. Powered by, MIAC Analytics™, VeriFi™ customizes the loan file review process to the user’s exact specifications and processes a variety of verifications,… Read more »
MIAC Perspectives – Summer 2015
In this issue… MIAC CORE ™ : Non-Agency Loss Model Dr. Glenn Mandigo, SVP, Borrower Analytics Joseph Furlong, SVP, Borrower Analytics The MIAC CORE™ is the name of MIAC’s new class of behavioral models for all asset classes including residential non-agency whole loans/MSRs, residential agency whole loans/MSRs, commercial whole loans, auto loans, credit cards, unsecured consumer… Read more »
MIAC CORE ™ : Non-Agency Loss Model
Introduction The MIAC CORE™ is the name of MIAC’s new class of behavioral models for all asset classes including residential non-agency whole loans/MSRs, residential agency whole loans/MSRs, commercial whole loans, auto loans, credit cards, unsecured consumer loans, etc. Each of these models has two components – a Voluntary Prepayment Model and a Loss Model. Each… Read more »
Q2 2015 – Mortgage Servicing Rights Market Update
Market Overview The Mortgage Servicing Market experienced a significant drop in the number of discrete bulk transactions for the first half of 2015 versus the first half of 2014. However, due to several large portfolio sales by Non-Banks and other Regional Institutions, the actual UPB that changed hands was larger than the first half of… Read more »
Is the UK Buy-To-Let Sector Resilient to Interest Rate Rise?
The following article was first published in the Mortgage Finance Gazette in January 2015 and has been brought up to date for MIAC Perspectives. Introduction The Buy-To-Let (BTL) sector has demonstrated material growth as a sub-market of the mortgage industry in the UK. For potential home owners, buying homes has become a serious challenge from… Read more »
MDS Assists the Federal Home Loan Bank of Chicago with First Ginnie Mae Securitization
July 29, 2015 Press Release New York, NY- Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its MDS (Mortgage Delivery Specialists) division provided data validation, data auditing and delivery services to the Federal Home Loan Bank of Chicago for the first securitization with Ginnie Mae. The securities are backed by mortgages originated by… Read more »
Mortgage Industry Advisory Corporation Introduces Broker Dealer, MIAC Capital Markets, LLC
July 13, 2015 Press Release New York, NY – Mortgage Industry Advisory Corporation (MIAC), a renowned provider of Mortgage Analytics and Risk Management Solutions to the financial industry, announces the formation of its broker dealer subsidiary, MIAC Capital Markets, LLC. MIAC Capital Markets, LLC is a FINRA registered broker dealer specializing in the brokerage of mortgages… Read more »
MIAC Announces K. Daniel Libby, CFA joins as Senior Vice President
May 19th, 2015 Press Release – New York, NY – The Mortgage Industry Advisory Corporation (“MIAC”), a leading provider of capital market advisory services and tools for financial institutions and money managers, announced today that K. Daniel Libby, CFA has joined their team as Senior Vice President. Mr. Libby will play a significant role across all… Read more »
MDS Successfully Executes $2 Billion Securitization
April 21, 2015 Press Release New York, NY – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its MDS (Mortgage Delivery Specialists) division successfully executed one of the largest securitizations of seasoned residential mortgage loans with a GSE since the GSEs entered conservatorship. $2,000,000,000 Seasoned Residential Mortgage Loans MDS acted as the Delivery Agent…. Read more »