By Dr. Darrel Welch, Managing Director, MIAC Analytics Ltd. Introduction Lifetime mortgage (LTM) is one of the latest asset classes to be implemented in Vision™, MIAC’s advanced ALM system. UK’s lifetime mortgage sector saw a borrowing boom in 2021, with annual lending growth year-on-year from £3.86 to £4.8 billion (24%). So far in 2022, this… Read more »
By Mike Carnes, Managing Director, MSR Valuations Group MSR Pricing MSR prices continued their dramatic ascent in Q1 2022. As displayed in Figure 1, MIAC Generic Servicing Assets (GSAs™) experienced first quarter price increases across all four sectors and both vintages, with a UPB-weighted Q-on-Q increase of 0.97 multiple (or 24.9%). Within Conventional products, pricing… Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group This article takes a closer look at some key features of our updated Agency Credit Model within our CORE™ Model Suite. Also highlighted are unique behaviors that occurred during the COVID period. Framework Figure 1 shows the transition model framework used by the latest version of our… Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group Each issue of our Quarterly Perspectives consists of several articles covering different topics of interest to mortgage market participants. This article reviews 1) Mortgage Rates and Spreads, 2) Prepayment Changes from our MIMs Survey, and 3) Extension Risk Concerns. 30-Year Mortgage Rates and Spreads Figure 1 displays… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the offering of Fin-Tech originated, unsecured personal loans. The seller is a fund who is re-allocating assets. The bid is requested to contain all advances, including corporate, escrow and interest. Investment Opportunity: Collateral Type: Non-Performing Personal Loans Current UPB: $14,026,000 Average UPB: $24,175 WAC: 14.06% Loan… Read more »
Bid Date: 6/28/2022 5:00 PM EST MIAC Analytics, as exclusive representative for the Seller, is pleased to offer for your review and consideration a $4.80 billion Fannie Mae and Freddie Mac mortgage servicing portfolio. The portfolio has a geographic concentration in California and Texas. The Seller will be providing full representations and warranties for… Read more »
Bid Date: 6/15/2022 5:00 PM EST MIAC Analytics, as exclusive representative for the Seller, is pleased to offer for your review and consideration a $816.66 million Fannie Mae and Freddie Mac mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a concentration in Illinois and Minnesota. The… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the offering of non-bank-originated, agency loans. The seller is a non-bank originator whom MIAC has sold this type of collateral for in the past. The bid is requested to contain all advances, including corporate, escrow and interest. Investment Opportunity: Collateral Type: Mixed Performance Agency Kicks Current… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the offering of non-bank-originated, agency loans. The seller is a non-bank originator whom MIAC has sold this type of collateral for in the past. The bid is requested to contain all advances, including corporate, escrow and interest. Investment Opportunity: Collateral Type: Mixed Performance Agency Kicks Current… Read more »
Bid Date: 5/04/2022 5:00 PM EST MIAC Analytics, as exclusive representative for the Seller, is pleased to offer for your review and consideration a $2.20 billion Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a concentration in California and… Read more »