Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $223 million of Seasoned, GNMA Non-Performing Whole loans. The seller was a large non-bank originator with a national footprint. The loans are being sold Service Released. Investment Opportunity: Collateral Type: Insured, Non-Performing, GNMA − FHA 70% − VA 27% − USDA 3%… Read more »
Recent News
Recent News – Events, Industry News, Press Releases – MIAC Analytics
MIAC Perspectives – Fall 2021
In this issue… Update on Market Rates and Prepayments Dick Kazarian, Managing Director, Borrower Analytics Group Year to date, primary rates have backed up 40 bps while secondary rates have increased 67 bps. This means that the primary/secondary spread narrowed by 26 bps. This primary/secondary (P/CC) spread is driven by numerous factors, including g-fees, servicing… Read more »
$57 Million Scratch and Dent Whole Loan Sale – 701165
Bid Date: August 19, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $57 mm of non-bank originated, scratch and dent loans. Investment Opportunity: Current UPB: $57,056,023 Average UPB: $310,087 WAC: 3.683% Loan Count: 184 Find out more Learn more about MIAC Whole Loan Sales & Brokerage Contact For more information about… Read more »
MIAC Perspectives – Summer 2021
In this issue… Residential MSR Market Update – July 2021 Mike Carnes, Managing Director, MSR Valuations Group Over the month of June, primary mortgage rates were mostly flat, while the CMS curve flattened significantly – with 2-year CMS rates backing up 10 BPs and 10-year CMS rates falling 15 BPs. During the same time period,… Read more »
MIAC Moves to New NYC Headquarters
New Office Location We’ve Moved! Exciting things are happening at MIAC Analytics, and we want to share some important news with you. Loyalty from customers like you has fueled continued growth, making a move to a new facility necessary. To serve you better, we are moving to a new space in NYC, just a few… Read more »
$2.73 Billion Servicing Offering
Bid Date: 5/06/2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $2.73 billion Fannie Mae, Ginnie Mae, and Freddie Mac mortgage servicing portfolio. This portfolio is being offered by a mortgage company that originates loans with a Texas… Read more »
$280 Million Non-QM Whole Loan Sale – 701141
Bid Date: April 23, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $280 million of GNMA EBO loans. The seller is a large non-bank. Investment Opportunity: Collateral Type: GNMA EBOs Current UPB: $280,246,651.02 Average UPB: $164,657.26 WAC: 4.050% Loan Count: 1702 Find out more Learn more about MIAC Whole Loan… Read more »
$78.1 Million Residential Scratch and Dent Whole Loan Sale – 701125
Bid Date: March 5, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $78.1 million of mixed performance scratch and dent loans. The seller is a large non-bank secondary client that MIAC has sold for in the past. These loans can be bid for a carve, loan level or for… Read more »
MIAC Perspectives – Winter 2021
In this issue… Introducing the Updated CORE™ Residential Models for Credit, Prepayment, and Loss Dick Kazarian, Managing Director, Borrower Analytics Group MIAC’s Borrower Analytics Group has completely revamped the CORE™ family of residential behavioral models. These models cover all three residential sectors: Agency, GNMA, and Non-Agency. The purpose of this report is to highlight six… Read more »
Introducing the Updated CORE™ Residential Models for Credit, Prepayment, and Loss
By Dick Kazarian, Managing Director, Borrower Analytics Group Introduction and Summary Over the past two years, MIAC’s Borrower Analytics Group has completely revamped the CORE™ Family of Residential Behavioral Models. These models cover all three residential sectors: Agency, GNMA, and Non-Agency and include the following components: Credit frequency (i.e., “roll rates”) Voluntary Prepayments Foreclosure/REO Timelines… Read more »