Bid Date: ASAP – No Later than December 30, 2022 10:00 AM EST MIAC Analytics is pleased to announce the offering of seasoned non-bank-originated loans. The seller is a non-bank originator whom MIAC has sold this type of collateral for in the past. Bids are due December 30th, 2023. Investment Opportunity: Collateral Type: Scratch and… Read more »
Bid Date: December 22, 2022 5:00 PM EST MIAC Analytics is pleased to announce the offering of low balance non-performing residential mortgage loans. The seller is a debt fund. Bids are due December 22nd, 2022. Investment Opportunity: Collateral Type: Non-Performing Residential Loans Lien Position: 1st Current UPB: $4,971,719 Average UPB: $138,103 WAC: 6.074% WA LTV:… Read more »
Bid Date: December 7, 2022 5:00 PM EST MIAC Analytics is pleased to announce the offering of both fixed and adjustable-rate conventional mortgages. The seller is a non-bank originator for 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…. Read more »
Bid Date: November 17, 2022 5:00 PM EST MIAC Analytics is pleased to announce the offering of scratch and dent residential whole loans. The seller is a non-bank originator whom MIAC has sold this type of collateral for in the past. Bids are due Thursday November 17th, 2022. Investment Opportunity: Collateral Type: Performing Scratch and… Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group This article takes a closer look at the credit risk of FHA purchase loans within our CORE™ Residential Model Suite. We cover the following topics: • Core Model Framework • The Importance of a Competing Risk Framework • Segmentations within the Government-insured sector • … Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group Each issue of our Quarterly Perspectives consists of articles that cover topics of interest to mortgage market participants. This article reviews the following topics: • Mortgage Rates and Spreads • Update on the PMMS Survey • Prepayment changes from our MIMs Survey • … Read more »
In this issue… Market Overview Dick Kazarian, Managing Director, Borrower Analytics Group This Market Overview provides an overview of rates, prepayments, credit, housing markets, and other topics of broad interest to mortgage market participants. Topics include: Mortgage Rates and Spreads, Prepayment changes from our MIMs Survey, and an update on the PMMS Survey. Read more… CORE… Read more »
By Mike Carnes, Managing Director, MSR Valuations Group MSR Price Changes (YTD 2022) As displayed in Figure 1, MIAC Generic Servicing Assets™ (GSAs) have experienced significant YTD 2022 price increases across all four sectors and both vintages, with a UPB-weighted increase of 1.17 multiple (or 30.0%). Within Conventional products, pricing increased substantially more for 30-year… Read more »
By Nicholas Dorn, SVP, Whole Loan Sales, Trading The overarching themes in the whole loan market are much higher rates, wider spreads, inflation, stagnating or declining home prices, and declines in existing home sales. We provide an overview and analysis of these data in the Market Overview article in this issue of MIAC Perspectives. Scratch… Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group In this issue of MIAC Perspectives, we introduce our Lock Tracker™. We introduce this Lock Tracker to help market participants follow origination trends considering the unprecedented market volatility in rates and volume that we have experienced since the start of 2022. Our data consists of applications processed… Read more »