MIAC Analytics provides Mortgage Servicing Rights valuation, hedge advisory, and brokerage services across residential and commercial portfolios. MIAC combines experienced advisory leadership with proprietary analytical systems built to support loan-level modeling, portfolio risk measurement, and clear reporting

Managing Director Mike Carnes will speak on the panel:

Accurate MSR Valuation in a Changing Rate Cycle: Pricing, Margins & Model Sensitivities

• Which portfolio traits—coupon, geography, delinquency, channel, borrower profile—most influence MSR value, pool life, and pricing?
• Which factors now drive MSR pricing—rates, speeds, recapture, escrow income, credit/IO risk, liquidity—and how might values shift as rates fall or stabilize?
• How do recapture trends, prepays, defaults, and geography affect fair value across new-issue, vintage, and pre-Covid pools, including escrow’s contribution?
• How should valuation models react to market trades, clearing levels, credit outputs, and correspondent pricing—and are MSRs still “out of the money”?
• How many valuation providers are needed to validate MSR fair value, and how should firms manage volatility, rate curves, and natural hedges?
• How can modeling frameworks—AI tools, segmentation, scenarios, forecasting, stress testing—add insight without becoming overly granular?

Senior Vice President, Ian Richards, will participate in:

Housing & Mortgage Origination Outlook: Growth Opportunities and Market Headwinds

Key areas of discussion include:

• What do major housing data sources reveal about origination trends, demand, migration, affordability, and product mix—and where do data gaps remain?
• Which economic indicators best predict housing market health, and what are current signals for the next 12–24 months?
• How are rising risks—insurance costs, climate events, property risk stratification, student loans, credit delinquencies, auto costs—shaping demand and eligibility?
• What does the 1–5 year home price outlook suggest across regions and product types, and how might demographic shifts like lower immigration affect new home sales?
• How are shared-equity products, non-agency channels, SFR activity, and institutional buyers influencing origination volume, market share, and supply?
• What do delinquency trends, borrower credit health, and loss-mitigation activity imply for future servicing and origination risk—and how are lenders adjusting products?

MIAC representatives attending include:

• Mike Carnes – Managing Director, MSR Group (Panelist)
• Ian Richards – Senior Vice President, Borrower Analytics Group (Panelist)
• Dick Kazarian – Managing Director, Borrower Analytics Group
• Keith Northen – Senior Vice President, Client Solutions Group

MIAC Analytics provides Mortgage Servicing Rights valuation, hedge advisory, and brokerage services across residential and commercial portfolios. Our advisory teams combine market experience with proprietary analytical systems to support loan-level modeling, portfolio risk measurement, and informed transaction execution.