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: $106,058,000.21 Pool 1 Average Balance:… Read more »
MIAC CRA Loan Sales MIAC can source the CRA-eligible loans you need for your 2021 goals. MIAC represents numerous originators producing CRA-eligible loans and securities. This allows us to fill your LO/MID and multifamily needs matched to your specific criteria. You no longer need to solicit multiple sellers – utilizing our network, we do that for… Read more »
Month-over-Month From end-of-month December to end-of-month January, the MIAC Generic Servicing Assets (GSAs™) Conv_30 Index decreased by 5.22%, and the GNII_FHA_30 Index decreased by 7.70%. In larger GSA cohorts, which are actively traded in the MSR market, the Conv30_3.5_2018 cohort decreased by 5.63%, and the GNII_FHA30_3.5_2018 cohort decreased by 4.97%. During the month of January,… Read more »
Bid Date: Negotiated Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as the exclusive agent, an AUS$ 394 million pool of commercial bridge loans in Australia. The loans range from secured, residential loans to working capital loans. The total population is US $280 million. Investment Opportunity: TUPB AUS$ Count of Loans AVUPB Construction… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as the exclusive agent, a $7.8 million pool of Puerto Rico, GNMA, performing loans. All loans are insured and performing. Investment Opportunity: WAC: 5.275% Geographic Concentration: Puerto Rico Original Balance: $11,395,929.20 Total UPB: $7,892,383.51 Loan Count: 146 Average Total UPB: $54,057.42 Contact For more information about… Read more »
MIAC Whole Loan Opportunity Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as the exclusive agent, approximately $27mm pool of non bank originated GNMA whole loans. Investment Opportunity Aggregate LTV: 78% WA FICO: 685 MIAC transaction number 501133 Contact For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250… Read more »