In this issue… CECL – Current Expected Credit Loss: A CORE Competency? Dean Hurley, Director, Capital Markets Group Jeffrey Zuckerman, Vice President, Capital Markets Group Current Expected Credit Loss (“CECL”, ASC 825-15) is the Financial Accounting Standards Board’s (FASB) new model for calculation of loan loss reserves, which requires consideration of multiple scenarios looking out over… Read more »
201366 Offering Memorandum The Whole Loan Desk at MIAC is offering 98 NPLs as described below. Seller is a Bank Client, whom MIAC has sold for in the past. Top Three States: FL (18), MD (17), NY (11) $330,000 AV UPB 3.847% WAC 1.08 WA LTV 3365 WA Age 982 WA Delinquency Total MI Amount: $18,822,592.44… Read more »
Bid Date: 07/12/2016 2:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $75 Million per month concurrent flow mortgage servicing offering. The Flow Servicing is being offered by one of the largest home building companies in the United States that originates… Read more »
London – MIAC Acadametrics (“M | A”), a leading independent asset valuation service provider; specializing in behavioral modelling, stress testing and collateral valuation services and due diligence services, announced today that George Patellis will be joining the M | A team as Director UK/Eurozone Due Diligence. Based in London, George will lead our due diligence and… Read more »
New York – Mortgage Industry Advisory Corporation (MIAC) as exclusive transaction advisor to the Seller, is pleased to announce the successful closing of a $3.7 Billion GNMA multifamily & healthcare MSR portfolio. $3.7 Billion GNMA Multifamily & Healthcare MSR Portfolio Contact: Dan Thomas, Managing Director Client Solutions Group (212) 233-1250 x240… Read more »
Our UK arm, MIAC Acadametrics Ltd provide modelling and analytical services to Funding Circle in support of EIB transaction. Announcement of investment by EIB: http://bit.ly/28JzG8R See Funding Circle twitter page for various news items and announcements: https://twitter.com/FundingCircleUK Early press coverage: FT: http://on.ft.com/28JqL5g City A.M.: http://bit.ly/28Jl3S8 Contact the MIAC Acadametrics team, to discuss your financial modelling and… Read more »
Bid Date: 06/28/2016 2:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $216 Million FNMA / GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a geographic concentration in Florida. The Seller will be providing… Read more »
Bid Date: 06/22/2016 2:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $1.5 Billion FNMA and FHLMC mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a national geographic concentration. The Seller will… Read more »
Bid Date: 06/16/2016 2:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $783 million Agency / Government Servicing Portfolio. The portfolio is being offered by a mortgage company that originates loans with a geographic concentration in California. The Seller will be… Read more »
201379 Offering Memorandum Seller is a large Credit Union seeking to sell as a loan level, bulk and potentially a flow arrangement, the total of both pools. Bids will be accepted on each pool separately. $34mm total UPB. The Sale must be a Service Retained Sale, with a 25bps servicing fee. The Loans are underwritten… Read more »