Government shutdown news went from optimistic to mixed as last week progressed. 10-Yr Treasury yields ended slightly higher and the curve flattened to 14. Trade talks between the U.S. and China appear to be making headway while EU relationships are starting to breakdown. CPI was originally the big-ticket event last week but a huge disappointment… Read more »
Month-Over-Month From end-of-month December to end-of-month January, the MIAC Generic Servicing Assets, (GSAs™) Conv_30 Index decreased by 2.64% and the GNII_FHA_30 index decreased by 2.51%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2016 and GNII_FHA30_3.5_2016 cohorts respectively decreased by 4.07% and 1.43%. During the month of January, Conv_30 Index… Read more »
10-Yr Treasury yields ended the week lower at 2.634 as the curve flattened to 16. Rates finished the week lower as the Treasury market almost seems comfortable trading in the lower-yield range. European economic growth risks wreaked havoc on markets this past week as 2019 gross domestic product forecasts were cut. ISM Non-Manufacturing PMI Index… Read more »
Data and dovish sentiment moved markets this past week. New Home Sales and Non-Farm Payrolls made a strong showing while Consumer Confidence and Chicago PMI disappointed to the downside. Wednesday’s FOMC minutes stayed on the dovish path with the removal of key verbiage regarding the economic outlook and brought up the recent discussion around the… Read more »
After a week of insignificant data releases 10-Yr yields end close to unchanged (2.758) and the 2-10 spread tighter at 14 (curve flattened). Wednesday’s ECB statement took on a dovish tone as it highlighted that risks to growth have now moved to the downside. Those statements come one week before the first ever post FOMC… Read more »
The bond market’s New Year’s resolution of not giving into stock pressure has not yet come to fruition, as yields continue to follow stocks lead. The partial government shutdown has been going on for over a month with no definitive ending in site. US international trade relations have been shaky but recent headlines have markets… Read more »
Bid Date: 02/4/2019 12:00 PM EST MIAC Client Solutions Group, as the exclusive broker, is pleased to offer for your review and consideration, a $306 Million GNMA Multifamily & Healthcare mortgage servicing portfolio. The portfolio is being offered by a National Commercial Real Estate Lender. Key portfolio characteristics include: 100% FHA Insured Multifamily & Healthcare… Read more »
Year-Over-Year To name a few, in 2018 we witnessed crashing equity prices, declining bond prices, and saw prepayment activity hit a 10-year low. We also watched the devastation unfold due to natural disasters including hurricanes Florence and Michael in the East, and mudslides and wildfires in the West. For the cherry on top, on December… Read more »
Month-over-Month From end-of-month October to end-of-month November, the MIAC Generic Servicing Assets, (GSAs™) Conv_30 Index decreased by 1.78% and the GNII_FHA_30 index decreased by 2.64%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2016 and GNII_FHA30_3.5_2016 cohorts respectively decreased by 1.98% and 2.65%. During the month of November, Conv_30 Index… Read more »
FASB Issues Accounting Standards Update, Codification Improvements to Topic 326 (Credit Losses) — This document outlines the issued update to FASB’s new standards for evaluating credit losses. (11/15) Click here to view FASB’s update Click here to download the PDF Source: FASB Financial Accounting Standards Board