By Mike Carnes, Managing Director, MSR Valuations Group MSR Pricing YTD MIAC Generic Servicing Assets (GSAs™) have seen YTD price increases across all sectors, with a UPB-weighted increase of 30.7%. Across Conventional products, pricing increased substantially more for 30-year than for 15-year. This is due to (a) 30-year primary rates increasing by more than 15-year… Read more »
By Dick Kazarian, Managing Director, Borrower Analytics Group As we’ve discussed in previous reports and documents, our CORE™ multi-factor prepayment model incorporates all of the explanatory variables displayed in Figure 1. We handle additional explanatory variables as over-rides to this base model. These expanded variables include FICO score, channel, loan purpose, occupancy, property type, and… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $53.5 million of Seasoned, Performing, Credit Union loan participation. The seller was a large credit union with a North East US footprint. The loans were being sold on a 90/10 participation basis. Investment Opportunity: Collateral Type: 100% conventional October 2021 Settlement Average… Read more »
Bid Date: 10/26/2021 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 $535.64 million Fannie Mae and Freddie Mac mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a national distribution. The… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $217 million of Seasoned, GNMA Non-Performing Whole loans. The seller was a large non-bank originator with a national footprint. The Seller received all advances, including interest paid to the bond holders. Investment Opportunity: Collateral Type: Insured, Non-Performing, GNMA − FHA 72% − … Read more »
Bid Date: 9/29/2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as exclusive agent, $63 billion of XS IO strips derived from FHLMC/FNMA/GNMA/PLS loans. Key portfolio characteristics include: Current UPB: • FHLMC $18.4 billion • FNMA $10.2 billion • GNMA $14.1 billion • PLS $19.8 billion… Read more »
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $55.1 million of Seasoned, Performing, Credit Union loan participation. The seller was a large credit union with an East Coast footprint. The loans were sold on a 90/10 participation basis for a premium price. Investment Opportunity: Collateral Type: 100% Conventional September 2021… Read more »
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 »
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 »
By Dick Kazarian, Managing Director, Borrower Analytics Group Introduction and summary In our Winter 2021 edition of MIAC Perspectives, we provided an overview of our updated CORE™ Residential Models for Credit, Prepayment, and Loss. We identified six major features which distinguish these CORE models from alternative models available in the analytics marketplace. In the latest… Read more »