Month-over-Month From end-of-month March to end-of-month April, the MIAC Generic Servicing Assets, (GSAs™) Conv_30 Index increased by 0.40% and the GNII_FHA_30 index increased by 0.51%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2016 increased by 0.38% and the GNII_FHA30_3.5_2016 cohort increased by 0.82%. During the month of April, Conv_30… Read more »
TBA Trading Volume Trading volume was up 49% week over week. Conv 15yr volume was up 68%, Conv 30yr volume was up 53%, and GNMA 30yr volume was up 20%. Conv 30yr trades were 5.3 times the amount of GNMA 30yr, an increase over the 4.2 multiple from the prior week. The 3.5 coupon had… Read more »
Bid Date: 05/28/2019 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 $2.65 billion mortgage servicing portfolio. The portfolio is being offered by an Institution that services Housing Finance Authority loans. The Seller will be providing full representations and… Read more »
A New Pool Optimizing Tool – Part of the MarketShield® Secondary Market Software Suite Press Release May 7, 2019 New York, NY – MIAC Analytics™, a leading provider of pricing, risk management and accounting solutions for the mortgage and financial services industries, announced today the addition of a new tool in MarketShield®, MIAC’s secondary software suite; the… Read more »
Bid Date: 05/01/2019 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 an $840.97 million Fannie Mae and Freddie Mac mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a Texas concentration. The Seller… Read more »
TBA Trading Volume Trading volume was relatively flat week over week. The only real gain was in GNMA trades which were up 7.3% week over week. Conv 30yr trades were 5 times the amount of GNMA 30yr so the small increase in activity on the GNMA product wasn’t enough to make a significant impact overall…. Read more »
Month-over-Month From end-of-month February to end-of-month March, the MIAC Generic Servicing Assets, (GSAs™) Conv_30 Index decreased by 7.26% and the GNII_FHA_30 index decreased by 7.53%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2016 decreased by 8.20% and the GNII_FHA30_3.5_2016 cohort decreased by 4.60%. Option-adjusted spread (OAS) measures the spread… Read more »
TBA Trading Volume Trading volume was up quite a bit this week. At the same time, borrowers took advantage of the lowest rates since late 2017. Conv 30yr trades led the way with a 37% increase week over week. With the move down in rates, we saw trade volume shift down in coupon. 83% of… Read more »
Curve flattening was in full effect last week as the 2-10 spread tightened to 12. The 10-Yr rallied 10 bps on Friday on the back poor European economic data finishing the week at 2.437. The 3-month/10-Yr inverted for the first time since 2007 as Existing Home Sales came in well above expectations at 11.8% MoM… Read more »
Month-over-Month From end-of-month January to end-of-month February, the MIAC Generic Servicing Assets, (GSAs™) Conv_30 Index increased by 0.60% and the GNII_FHA_30 index increased by 0.35%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2016 and increased by 0.72% and the GNII_FHA30_3.5_2016 cohort decreased by 0.07%. During the month of February,… Read more »