MIAC Whole Loan Desk August 15, 2017 / Press Release New York, NY – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce a current whole loan offering of approximately $98mm of bank originated, commercial, whole loans secured by multi-family real estate and sold on a Servicing Released basis. The Seller is a large… Read more »
FASB: ASU Update on Credit Losses (Topic 326) – An update on FASB’s new standards for evaluating credit losses. (6/16) Source: FASB Financial Accounting Standards Board
MIAC Whole Loan Desk August 8, 2017 / Press Release New York, NY – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce a current whole loan offering of approximately $31mm of first lien, performing residential whole loans. The seller is a regional bank with a desire for a consistent counterparty for a portfolio… Read more »
Bid Date: 7/27/2017 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 $616 Million GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a Texas concentration. The Seller will be providing full… Read more »
July 18, 2017 / Press Release New York, NY – MIAC Analytics (MIAC), the leading secondary solutions provider and pipeline risk management firm, announces a new integration with Fannie Mae’s Pricing and Execution Whole LoanTM platform for mandatory cash commitments with its MarketShield® trading platform. Long a leader in providing creative, secondary market solutions, this… Posted in Recent News.
MIAC Whole Loan Desk July 13, 2017 / Press Release New York, NY – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its whole loan desk, completed the sale of approximately $52mm of seasoned, first lien HELOCs. The sale consisted of both performing and non-performing mortgages. The seller is a large bank and… Read more »
Bid Date: 6/28/2017 5:00 PM EST Due to the failure of Guaranty Bank (the “Bank”), and the appointment of the Federal Deposit Insurance Corporation as receiver for the Bank (the “FDIC”), the FDIC is proposing to enter into a competitive auction with respect to certain Mortgage Servicing Rights (the “MSRs”) related to Ginnie Mae (“Agency”) pools… Read more »
FASB Issues New Guidance on Accounting for Credit Losses – The news release provides information on the new ASU, along with a video of why a new credit losses standard. (6/16) Source: FASB Financial Accounting Standards Board
FASB’s Overview of the New Standard – This overview outlines important information on the new guidance regarding expected credit losses, effective dates, and additional information, provided by FASB. Click here to download the PDF Source: FASB Financial Accounting Standards Board
OCC’s (BAAS) Allowance for Loan and Lease Losses — The BAAS expresses the OCC’s views on accounting with regards to the new ASU. ( 6/12) Click here to view BAAS’s Update Click here to download the PDF Source: OCC Office of the Comptroller of the Currency