Bid Date: September 11, 2020 Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $55.8 million of Mixed Performing, Scratch and Dent loans. The seller is large originator that can be bid for a carve, loan level or for the total pool. Investment Opportunity: Collateral Type: Mixed, Scratch and Dent, Performing Original UPB: $57,461,919.00… Read more »
Bid Date: August 28, 2020 Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $3.4 million of Performing, Scratch and Dent loans. The seller would provide full reps and warranties per market. These loans can be bid for a carve, loan level or for the total pool. Investment Opportunity: Collateral Type: Scratch and Dent, Performing… Read more »
Month-over-Month From end-of-month June to end-of-month July, the MIAC Generic Servicing Assets (GSAs™) Conv_30 Index decreased by 5.05%, and the GNII_FHA_30 Index decreased by 0.57%. During the month of July, Conv_30 Index OAS’s tightened to close the month at 1,258.3 bps, for a decrease of 36.4 bps. The GNII_FHA_30 Index OAS’s tightened to 1,571.8 bps,… Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group Mike Carnes, Managing Director, MSR Valuations Group Announcement and Industry Feedback Announced on August 12th and applied to all refinance mortgages with settlements dates on or after September 1, 2020, both Fannie Mae and Freddie Mac will begin charging a 0.5% adverse market fee on… Read more »
Bid Date: August 14, 2020 4:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $2.3 million of Scratch and Dent loans. These loans can be bid for a carve, loan level or for the total pool. Investment Opportunity: Collateral Type: Scratch and Dent, Performing Original UPB: $2,361,865.00 Current UPB: $2,327,871.59 Average… Read more »
Bid Date: August 8, 2020 2:00pm EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $9.4 million of 2nd lien, new origination loans. The seller is a large non-bank originator who will provide full reps and warranties per market. These loans can be bid for a carve, loan level or for the total… Read more »
Bid Date: July 24, 2020 Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $9.4 million of Jumbo loans. These loans can be bid for a carve, loan level or for the total pool. Investment Opportunity: Collateral Type: Nonconforming, Mixed Jumbo Current UPB: $9,399,917.13 Average UPB: $1,044,435.24 GWAC: 3.696% Loan Count: 9 State Concentration IL:… Read more »
Bid Date: 7/21/2020 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $5.27 billion Agency mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a broad national distribution. The Seller will be… Read more »
Bid Date: Negotiated Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $24.1 million of First Lien, Non-QM mortgages. The loans are being offered on an AON basis, and is also willing to carve out high, loan level bids as well. Investment Opportunity: Collateral Type: First Lien, Non-QM Original Balance: $24,233,100.00 Current UPB: $24,102,237.02 Average… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $7.9 million of new origination, closed end, 2nd liens. The loans are being offered on an AON basis, and is also willing to carve out high, loan level bids as well. Investment Opportunity: Collateral Type: New Origination, Closed End, 2nd Liens Current UPB: $7,937,687.00 Average UPB:… Read more »