Bid Date: 1/20/2022    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 $6.23 billion Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a California… Read more »

Secondary Marketing Analyst/Trading Assistant MIAC Analytics Location: New York, NY; Charlotte, North Carolina Please click here to apply Secondary Marketing Analyst/Trading Assistant Overview This position falls under the Secondary Solutions Group (SSG) within MIAC. This role is generally responsible for aiding account managers in the risk management, trading, and customer service of mortgage pipelines for multiple… Read more »

Recruiter MIAC Analytics Location: New York, NY; Charlotte, North Carolina Please click here to apply Overview The Recruiter position is responsible for managing recruiting efforts and company intern/extern programs for all divisions within MIAC. We are looking for a proven professional who is organized, flexible, proactive, and results driven. Position Responsibilities Provide expertise and guidance to… Read more »

In this issue… Update on Market Rates and Prepayments Dick Kazarian, Managing Director, Borrower Analytics Group Year to date, primary rates have backed up 40 bps while secondary rates have increased 67 bps. This means that the primary/secondary spread narrowed by 26 bps. This primary/secondary (P/CC) spread is driven by numerous factors, including g-fees, servicing… Read more »

By Dick Kazarian, Managing Director, Borrower Analytics Group MIAC’s quarterly Perspectives will cover themes such as housing markets, mortgage rates and spreads, rates and volatility markets, residential originations and securitizations, credit and prepayments. Mortgage Rates and Spreads Figure 1 displays a snapshot of primary and secondary 30-year conventional mortgage rates since the start of the… Read more »

By Mike Carnes, Managing Director, MSR Valuations Group MSR Pricing YTD MIAC Generic Servicing Assets (GSAs™) have seen YTD price increases across all sectors, with a UPB-weighted increase of 30.7%. Across Conventional products, pricing increased substantially more for 30-year than for 15-year. This is due to (a) 30-year primary rates increasing by more than 15-year… Read more »

By Dick Kazarian, Managing Director, Borrower Analytics Group As we’ve discussed in previous reports and documents, our CORE™ multi-factor prepayment model incorporates all of the explanatory variables displayed in Figure 1. We handle additional explanatory variables as over-rides to this base model. These expanded variables include FICO score, channel, loan purpose, occupancy, property type, and… Read more »

Bid Date: 10/26/2021    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 $535.64 million Fannie Mae and Freddie Mac mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a national distribution. The… Read more »

Bid Date: 9/29/2021    5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as exclusive agent, $63 billion of XS IO strips derived from FHLMC/FNMA/GNMA/PLS loans. Key portfolio characteristics include: Current UPB:   •   FHLMC $18.4 billion   •   FNMA $10.2 billion   •   GNMA $14.1 billion   •   PLS $19.8 billion… Read more »

Bid Date: August 19, 2021    5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $57 mm of non-bank originated, scratch and dent loans. Investment Opportunity: Current UPB: $57,056,023 Average UPB: $310,087 WAC: 3.683% Loan Count: 184 Find out more Learn more about MIAC Whole Loan Sales & Brokerage Contact For more information about… Read more »