Government shutdown news went from optimistic to mixed as last week progressed. 10-Yr Treasury yields ended slightly higher and the curve flattened to 14. Trade talks between the U.S. and China appear to be making headway while EU relationships are starting to breakdown. CPI was originally the big-ticket event last week but a huge disappointment… Read more »
Recent News
Recent News – Events, Industry News, Press Releases – MIAC Analytics
Secondary Markets Commentary – Week of February 11, 2019
10-Yr Treasury yields ended the week lower at 2.634 as the curve flattened to 16. Rates finished the week lower as the Treasury market almost seems comfortable trading in the lower-yield range. European economic growth risks wreaked havoc on markets this past week as 2019 gross domestic product forecasts were cut. ISM Non-Manufacturing PMI Index… Read more »
Secondary Markets Commentary – Week of February 4, 2019
Data and dovish sentiment moved markets this past week. New Home Sales and Non-Farm Payrolls made a strong showing while Consumer Confidence and Chicago PMI disappointed to the downside. Wednesday’s FOMC minutes stayed on the dovish path with the removal of key verbiage regarding the economic outlook and brought up the recent discussion around the… Read more »
Secondary Markets Commentary – Week of January 28, 2019
After a week of insignificant data releases 10-Yr yields end close to unchanged (2.758) and the 2-10 spread tighter at 14 (curve flattened). Wednesday’s ECB statement took on a dovish tone as it highlighted that risks to growth have now moved to the downside. Those statements come one week before the first ever post FOMC… Read more »
Secondary Markets Commentary – Week of January 21, 2019
The bond market’s New Year’s resolution of not giving into stock pressure has not yet come to fruition, as yields continue to follow stocks lead. The partial government shutdown has been going on for over a month with no definitive ending in site. US international trade relations have been shaky but recent headlines have markets… Read more »
$25 Million Residential RPL First Lien Whole Loan Sale – 401669
MIAC Whole Loan Opportunity Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as the exclusive agent, approximately $25mm pool of reperforming residential first lien whole loans. The loans are being offered on an all-or-none basis and are servicing released. Investment Opportunity Interest Rate Range: 2.0% to 10.97% 75% Modified Loans Geographic Concentration: CA, FL, IL… Read more »
MIAC Announces Direct Integration with Freddie Mac’s Loan Selling Platform
Press Release October 16, 2018 New York, NY – MIAC Analytics™, the leading secondary solutions provider and pipeline risk management firm, announces a new integration with Freddie Mac’s Loan Selling Advisor portal for mandatory cash commitments with its MarketShield® trading platform. Long a leader in providing creative, secondary market solutions, this enhancement provides seamless access for… Read more »
MIAC Announces New Director of Borrower Analytics Group
The former head of SPG Model Review at JP Morgan will lead the Behavioral Modeling Team as Director of Borrower Analytics at MIAC Press Release October 12, 2018 New York, NY – Mortgage Industry Advisory Corporation (MIAC®), a leading provider of pricing, risk management and accounting solutions for the mortgage and financial services industries, announced today… Read more »
FASB Proposes Narrow-scope Improvements to Credit Losses Standard — News Release
FASB Proposes Narrow-scope Improvements to Credit Losses Standard – The news release provides information on the proposed updates to the accounting standards regarding credit losses. (8/18) Click here to view this FASB news release Click here to view FASB’s proposed update Source: FASB Financial Accounting Standards Board
$3.6 Billion GNMA Servicing Offering
Bid Date: 08/14/2018 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $3.6 billion Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a national footprint. The Seller will be… Read more »