By Mike Carnes, Managing Director, MSR Valuations Group | February 2026 This article explains how lenders should evaluate whether to retain or sell MSRs, and why execution quality often matters more than market timing or portfolio composition. This analysis reflects MIAC Analytics’ experience advising banks, independent mortgage banks, and capital markets investors on MSR valuation,... Read more »
Bid Date: February 6, 2026 - 3 PM EST MIAC Analytics is pleased to announce the offering of GNMA modified residential mortgage loans. The seller is a nonbank mortgage lender. Investment Opportunity: Collateral Type: GNMA Modified Current UPB: $7,282,281 Average UPB: $291,291 WAC: 6.536% WA FICO: 648 WA Term: 476 WA Orig LTV: 88.4% WA... Read more »
By Ian Richards, Senior Vice President, Borrower Analytics Group | January 2026 Our clients and readers know that there is considerable heterogeneity within the GNMA sector, which is dominated by FHA-insured and VA-guaranteed loans. These differences include average balance, credit characteristics, LTV, and other attributes. While VA loans have always been more sensitive to rate... Read more »
Bid Date: 01/29/2026 5:00 PM EST MIAC Analytics, as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $495.40 million Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights portfolio. The portfolio is being offered by a mortgage company that originates loans with a concentration in... Read more »
Bid Date: December 12, 2025 - 10 AM EST MIAC Analytics is pleased to announce the offering of scratch and dent residential mortgage loans. The seller is a nonbank mortgage lender. Investment Opportunity: Collateral Type: Scratch and Dent Loans Current UPB: $26,249,610 Average UPB: $359,584 WAC: 5.229% WA FICO: 749 WA Term: 358 WA Orig... Read more »
By Mike Carnes, Managing Director - MIAC MSR Valuations Group - December 2025 The Evolving Role of Recapture in Today’s MSR Market Recapture continues to play a meaningful and increasingly visible role in MSR pricing, borrower behavior, and portfolio strategy. Even as primary mortgage rates hover in the low- to mid-6% range, recapture activity continues... Read more »
MIAC’s Whole Loan Pricing Report – November 2025 provides insight into agency pricing trends, Treasury yield shifts, and liquidity conditions across whole loan markets. Market Commentary Agency pricing improved in November. Pricing on the UMBS 5.0 was 99.55 to end October and rose to 99.79 at month end, a +0.241% change in price. The 10... Read more »
Bid Date: 12/10/2025 5:00 PM EST MIAC Analytics, as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $1.36 Billion Agriculture Loan Servicing Rights Portfolio. The portfolio is being offered by a company that originates loans with a concentration in the Southeastern US. The Seller will be providing... Read more »
MIAC’s Whole Loan Pricing Report – October 2025 provides insight into agency pricing trends, Treasury yield shifts, and liquidity conditions across whole loan markets. Market Commentary Agency pricing improved in October. Pricing on the UMBS 5.0 was 99.14 to end September and rose to 99.55 at month end, a +0.414% change in price. The 10... Read more »
By Mike Carnes, Managing Director - MIAC MSR Valuations Group Fair Market Value Update Following the Federal Reserve’s recent 25-basis-point rate cut, mortgage rates initially moved lower but have since leveled off. Market sentiment has moderated in response to Chair Powell’s recent comments, which suggested that additional rate reductions in 2025 are not guaranteed. MIAC’s... Read more »
