In this issue…
Market Overview
Dick Kazarian, Managing Director, Borrower Analytics Group
This Market Overview provides an overview of rates, prepayments, credit, housing markets, policy updates, and other topics of broad interest to mortgage market participants. Topics include: Mortgage Rates and Spreads, Prepayment changes from our MIMs Survey, Extension Risk Concerns. Read more…
CORE Insights: A Deep Dive into our Agency Credit Model and the Impact of COVID-19
Dick Kazarian, Managing Director, Borrower Analytics Group
This article takes a closer look at some key features of our updated Agency Credit Model within our CORE™ Model Suite. Also highlighted are unique behaviors that occurred during the COVID period. Read more…
MSR Market Update – Q1 2022
Mike Carnes, Managing Director, MSR Valuations Group
MSR prices continued their dramatic ascent in Q1 2022. MIAC Generic Servicing Assets (GSAs™) experienced first quarter price increases across all four sectors and both vintages, with a UPB-weighted Q-on-Q increase of 0.97 multiple (or 24.9%). Read more…
Lifetime Mortgage in Vision™
By Darrel Welch, Managing Director, MIAC Analytics Ltd
Lifetime mortgage (LTM) is one of the latest asset classes to be implemented in Vision™, MIAC’s advanced ALM system. UK’s lifetime mortgage sector saw a borrowing boom in 2021, with annual lending growth year-on-year from £3.86 to £4.8 billion (24%). So far in 2022, this growth shows no signs of slowing, so MIAC is in the process of further enhancing the software for use with other products such as the corresponding “reverse” mortgage in the US. Read more…
View Previous MIAC Perspectives: Winter 2021 Issue
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