By Dick Kazarian, Managing Director, Borrower Analytics Group Introduction and summary In our Winter 2021 edition of MIAC Perspectives, we provided an overview of our updated CORE™ Residential Models for Credit, Prepayment, and Loss. We identified six major features which distinguish these CORE models from alternative models available in the analytics marketplace. In the latest… Read more »

By Brendan Teeley, Senior Vice President, Whole Loan Sales & Trading GNMA Early Buyouts (EBOs) EBO pricing is at record highs as APM 20-07 increases the burden on servicers and owners to re-pool their delinquent GNMA loans. The requirement of 6-month consecutive payments means that borrower must be current for effectively 7 consecutive months prior to… Read more »

By Paul Raebel, Managing Director, MDS – Loan Sales and Delivery Delivery and Pricing Beginning on February 1st, 2021, Ginnie Mae instituted new requirements for how re-performing loans must be pooled. These new pools are referred to as C RG pools and consist entirely of loans that have been bought out of Ginnie Mae pools…. Read more »

By Lisa Malie, Managing Director, Product Management and Support     Felicia Reynolds, Managing Director, Product Management and Support Behind the Scenes MIAC Analytics offers a diverse range of products and services to a wide audience of clients. In turn, it takes a dedicated team of professionals to support, maintain and evolve these products and… Read more »

Bid Date: 7/29/2021    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 $1.01 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 Virginia… Read more »

Web Application Developer MIAC Analytics Location: Charlotte, North Carolina, Bethlehem, PA or New York, NY Please click here to view the application Overview The Web Application Developer is responsible for enhancing and maintaining MIAC’s web applications, including a collateral management system and trading platform, within a small web development team. You’ll have a significant autonomy… Read more »

Bid Date: July 8, 2021    2:00 PM EST  Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $27 million of new production, Jumbo Mortgages. The seller is a large non-bank with a large net worth. Investment Opportunity: Collateral Type: New Origination, Jumbo Fixed Rate Mortgages   Current UPB: $26,947,669 Average UPB: $869,279.65 WAC: 3.120%… Read more »

Bid Date: 7/14/2021    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 $1.38 billion Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a bank with a mortgage operation that originates loans… Read more »

Bid Date: June 1, 2021    5:00 PM EST  Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $2.2 million of mixed performance, conventional loans. The seller is a large non-bank originator who has previously held and serviced these loans in portfolio. Investment Opportunity: 90% Performing, 10% Seriously Delinquent Current UPB: $2,211,000 Average UPB: $315,000… Read more »