OCC’s Allowance for Loan and Lease Losses — The OCC discusses the necessity for banks to be required an ALLL. (1998) Click here to view OCC’s Handbook Click here to download the PDF Source: OCC Office of the Comptroller of the Currency
ASU: Credit Losses (Topic 326) – This overviews the expected benefits and anticipated costs of the new credit losses standard. Source: FASB Financial Accounting Standards Board
FASB’s Update on Measurement of Credit Losses — Main provisions of the Accounting Standards Update is to require assets to be measured at amortized cost. ( 6/16)
Seller is a Non-Bank Originator who is recapitalizing on a pool of Residential Scratch & Dent loans ranging from Performing to Modified to NPL. $5,494,630.25 Total UPB 19 Units 4.317% WAC Geographically Diverse Price Expectations in the 70-80s WAA 2014 Find out more Learn more about MIAC Whole Loan Sales & Brokerage Brendan Teeley Senior Vice President,… Read more »
Bid Date: 6/8/2017 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 $439 Million FNMA/FHLMC/GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a Florida concentration. The Seller will be providing full… Read more »
Seller is a Fund who is liquidating a pool of Residential NPLs that do not match the core strategy of the Fund. Bid Date: TBD $4,319,386.67 Total UPB 44 Units 5.652% WAC Geographically Diverse with a Midwest focus Price Expectations in the 60s of BPO WAA 2012 Find out more Learn more about MIAC Whole Loan Sales &… Read more »
Bid Date: TBD The loans are underwritten to Agency Guidelines $2.4mm AV UPB Office, Retail and Hospitality represent the top three holdings $143mm Fixed Rate $281mm Adjustable Rate 100% Performing 126 AV Remaining Months 4.3886% WAC $239mm AV UPB Pricing to a small Premium 100% California Sold as 90/10 Participation or Securitization Find out more Learn… Read more »
Seller is a Large Non-Bank Originator seeking to sell as a loan level, or All Or None Bid. The population consists of Agency Loans kicked by aggregators. Bid Date: 5/19/17 The loans are underwritten to Agency Guidelines Jumbo and Conventional Balances 30 Year FRM WA Age 52 months 4.124% WAC $238,714 AV UPB Pricing at a… Read more »
April 28, 2017 / Press Release Charlotte, NC – On April 25th, Mortgage Industry Advisory Corporation (MIAC), hosted the second in a series of private events to launch its CECL process rollout, in uptown Charlotte, NC at “Fahrenheit.” MIAC was joined by its core constituency of clients and strategic partners. Effectively, the FASB has formalized… Read more »
Bid Date: 5/9/2017 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 $2.09 Billion GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a National Geographic Concentration. The Seller will be providing… Read more »