By Mike Carnes, Managing Director; Jennifer Howell, Managing Director; Nicholas Manolis, SVP – MIAC MSR Valuations Group Fair Market Value Update From end-of-month February 2025 to end-of-month March 2025, MIAC’s primary 30-year mortgage rate (C30 PMR) remained essentially flat while earnings rate (SOFR 5Y) dropped by 9 basis points. Source: MIAC Analytics™ Source: MIAC Analytics™… Read more »
MIAC’s Whole Loan Trading Desk reviews agency pricing trends, Treasury yield movements, and liquidity conditions across whole loan asset classes and provides an overview of key market insights. Market Commentary Agency pricing worsened slightly in March. Pricing on the UMBS 5.5 was 100.09 on Feb 28th and dropped to 99.91 at month end, resulting in… Read more »
Bid Date: March 18, 2025 MIAC Analytics is pleased to announce the offering of scratch and dent residential mortgage loans. The seller is a non-bank originator. Investment Opportunity: Collateral Type: Residential Mortgage Loans Current UPB: $19,637,814 Average UPB: $196,378 WAC: 5.501% WA FICO: 677 WA LTV: 65.11% WA DTI: 70.54% Loan Count: 100 Find out… Read more »
Bid Date: March 19, 2025 12:00 PM EST MIAC Analytics is pleased to announce the offering of non-bank-originated 1st lien residential mortgage loans. The seller is a non-bank lender. Investment Opportunity: Collateral Type: NQM Mortgage Loans Delinquency: Reperforming and Non-Performing Lien: 1st Liens Current UPB: $15,470,913 Average UPB: $533,480 Geography: National WAC: 8.507% Loan Count:… Read more »
MIAC’s Whole Loan Trading Desk reviews agency pricing trends, Treasury yield movements, and liquidity conditions across whole loan asset classes and provides an overview of key market insights. Market Commentary Agency pricing strengthened in February, with the UMBS 5.5 rising from 98.83 on January 31st to 100.09 by month-end, reflecting a 1.275% price improvement. The… Read more »
Bid Date: March 14, 2025 MIAC Analytics is pleased to announce the offering of Prime Jumbo 1st lien residential mortgage loans. The seller is a Credit Union. The loans are expected to be sold at a discount. Investment Opportunity: Collateral Type: Jumbo Residential Mortgages Delinquency: Performing Lien: 1st Liens Current UPB: $18,493,290 Average UPB: $684,936… Read more »
By Mike Carnes, Managing Director, MSR Valuations Group Ginnie Mae Performance From our vantage point, higher delinquencies continue to plague newer vintage Ginnie Mae MSRs. From November ’24 to January ’25 MIAC respectively tracked $617, $730, and $563 million in early buyouts for a 3-month total of $1.91 billion. In addition, there was another $1.7… Read more »
Bid Date: February 25, 2025 4:00 PM EST MIAC Analytics is pleased to announce the offering of scratch and dent residential mortgage loans. The seller is a non-bank originator. Investment Opportunity: Collateral Type: Residential Mortgage Loans Current UPB: $20,697,786 Average UPB: $398,034 WAC: 5.460% WA FICO: 741 WA LTV: 83.53% WA DTI: 48.61% Loan Count:… Read more »
Bid Date: February 5, 2025 MIAC Analytics is pleased to announce the offering of seasoned, 1st lien residential mortgage loans. The seller is a bank and MIAC client. The seller is requesting only servicing released AON bids. Investment Opportunity: Collateral Type: NQM Mortgage Loans Doc Types: NINA (79%), FINA (10%), Full Doc (11%) Delinquency: Mixed… Read more »
Bid Date: February 4, 2025 MIAC Analytics is pleased to announce the offering 1st lien residential conventional loans. The seller is a non-bank originator whom MIAC has sold this type of collateral for in the past. Investment Opportunity: Collateral Type: Performing Scratch and Dent Loans Current UPB: $4,112,121 Average UPB: $342,677 WAC: 3.912% WA LTV:… Read more »