By Dick Kazarian, Managing Director, Borrower Analytics Group Each issue of our Quarterly Perspectives consists of articles that cover topics of interest to mortgage market participants. This article reviews the following topics: • Mortgage Rates and Spreads • Update on the PMMS Survey • Prepayment changes from our MIMs Survey • … Read more »
In this issue… Market Overview Dick Kazarian, Managing Director, Borrower Analytics Group This Market Overview provides an overview of rates, prepayments, credit, housing markets, and other topics of broad interest to mortgage market participants. Topics include: Mortgage Rates and Spreads, Prepayment changes from our MIMs Survey, and an update on the PMMS Survey. Read more… CORE… Read more »
By Mike Carnes, Managing Director, MSR Valuations Group MSR Price Changes (YTD 2022) As displayed in Figure 1, MIAC Generic Servicing Assets™ (GSAs) have experienced significant YTD 2022 price increases across all four sectors and both vintages, with a UPB-weighted increase of 1.17 multiple (or 30.0%). Within Conventional products, pricing increased substantially more for 30-year… Read more »
By Nicholas Dorn, SVP, Whole Loan Sales, Trading The overarching themes in the whole loan market are much higher rates, wider spreads, inflation, stagnating or declining home prices, and declines in existing home sales. We provide an overview and analysis of these data in the Market Overview article in this issue of MIAC Perspectives. Scratch… Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group In this issue of MIAC Perspectives, we introduce our Lock Tracker™. We introduce this Lock Tracker to help market participants follow origination trends considering the unprecedented market volatility in rates and volume that we have experienced since the start of 2022. Our data consists of applications processed… Read more »
Bid Date: October 27, 2022 5:00 PM EST MIAC Analytics is pleased to announce the offering of first lien performing residential real estate loans. The seller is a mortgage lender whom MIAC has brokered this type of collateral for in the past. Bids are due by October 27th, 2022. Investment Opportunity: Collateral Type: Residential Mortgages… Read more »
Bid Date: 10/26/2022 5:00 PM EST MIAC Analytics™, as exclusive representative for the Seller, is pleased to offer for your review and consideration a $2.3 billion Ginnie Mae Multifamily & Healthcare mortgage servicing portfolio. The portfolio is being offered by a Midwest financial institution that originated these loans through their mortgage company affiliate. The… Read more »
Bid Date: 10/27/2022 5:00 PM EST MIAC Analytics, as exclusive representative for the Seller, is pleased to offer for your review and consideration a $2.44 billion Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans nationally. The Seller will be providing… Read more »
Bid Date: October 14, 2022 5:00 PM EST MIAC Analytics is pleased to announce the offering of second lien commercial real estate loans. The seller is a debt fund whom MIAC has brokered this type of collateral for in the past. Bids are due no later than October 14th, 2022. Investment Opportunity: Collateral Type: 2nd… Read more »
Bid Date: October 6, 2022 5:00 PM EST MIAC Analytics is pleased to announce the offering of Whole Loan 1st Lien Mortgages. The seller is a National Bank with a strong balance sheet with whom MIAC has an exclusive arrangement to broker this type of collateral. Investment Opportunity: Collateral Type: 1st Lien Residential Mortgages WA… Read more »