By Dean C. Hurley, Managing Director, Structured Products and Whole Loan Valuation Group Dick Kazarian, Managing Director, Borrower Analytics Group MIAC Coronavirus Macrofactor Scenarios MIAC has revised our March-end macrofactor scenarios that show how we view the economy over the next three years because of the Coronavirus pandemic. We have sketched out possible… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to offer a $7.8 million of new origination, commercial loans secured with a personal guarantee. The loans are being offered on an Loan Level basis. Seller is providing full reps and warrants with a strong financial backing. Investment Opportunity: Collateral Type: New Origination, Commercial Loans Current UPB: $7,765,201.11 Average… Read more »
MIAC is pleased to offer on behalf of a Fund a $12mm portfolio of both short duration rehab/bridge loans and 30YR rental loans all secured by residential properties. Of the 15 loans, two are Blanket loans, crossed with multiple properties as indicated on the tape. 25% of the pool is 30 YR Fixed-Rate with a… Read more »
MIAC is pleased to offer on behalf of a United States Fund a ~£11mm portfolio of rehab, bridge loans secured by residential properties in London, UK. Of the 20 loans, 14 contain future draw amounts to be funded upon property inspections, post completion of work. The structure of these loans allows interest to accrue through… Read more »
By Dean C. Hurley, Managing Director, Structured Products and Whole Loan Valuation Group Dick Kazarian, Managing Director, Borrower Analytics Group Markets Overview – The Environment All of the major financial markets have suffered major disruptions as a result of the Coronavirus Disease 2019 (“Covid-19”). MIAC’s position is that only by properly modeling the… Read more »
By Tina Freeman, CFA Recent market turmoil is challenging the hedging capability of mortgage bankers across the industry. Layer in the issues associated with the COVID-19 pandemic, and you have a whole new level of uncertainty. Let’s start with the basics. To craft the best hedge, you must first understand your pipeline’s fallout behavior. Fallout is simply… Read more »
Dear Clients and Friends, As COVID-19 continues to spread across the globe, MIAC personally wants to let you know what we are doing to ensure the health and safety of our people, clients, and communities of which we are apart. The well-being of our staff and providing uninterrupted service to our clients are our two… Read more »
Month-over-Month From end-of-month January to end-of-month February, the MIAC Generic Servicing Assets (GSAs™) Conv_30 Index decreased by 7.12%, and the GNII_FHA_30 Index decreased by 9.32%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2018 cohort decreased by 8.09%, and the GNII_FHA30_3.5_2018 cohort decreased by 9.15%. During the month of February,… Read more »
Bid Date: 3/17/2020 Mortgage Industry Advisory Corporation (MIAC) is pleased to offer a $229 million of new origination non-QM loans. The loans are being offered on an AON basis and willing to carve out high, loan-level bids as well. Investment Opportunity: Collateral Type: New Orig Non-QM loans Pool 1 UPB: $106,058,000.21 Pool 1 Average Balance:… Read more »
MIAC CRA Loan Sales MIAC can source the CRA-eligible loans you need for your 2021 goals. MIAC represents numerous originators producing CRA-eligible loans and securities. This allows us to fill your LO/MID and multifamily needs matched to your specific criteria. You no longer need to solicit multiple sellers – utilizing our network, we do that for… Read more »