By Brendan Teeley, Senior Vice President, Whole Loan Sales & Trading GNMA Early Buyouts (EBOs) EBO pricing is at record highs as APM 20-07 increases the burden on servicers and owners to re-pool their delinquent GNMA loans. The requirement of 6-month consecutive payments means that borrower must be current for effectively 7 consecutive months prior to… Read more »
By Paul Raebel, Managing Director, MDS – Loan Sales and Delivery Delivery and Pricing Beginning on February 1st, 2021, Ginnie Mae instituted new requirements for how re-performing loans must be pooled. These new pools are referred to as C RG pools and consist entirely of loans that have been bought out of Ginnie Mae pools…. Read more »
By Mike Carnes, Managing Director, MSR Valuations Group GSA Pricing: Month-Over-Month 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 period, the MIAC Generic Servicing Assets (GSAs™) saw… Read more »
By Lisa Malie, Managing Director, Product Management and Support Felicia Reynolds, Managing Director, Product Management and Support Behind the Scenes MIAC Analytics offers a diverse range of products and services to a wide audience of clients. In turn, it takes a dedicated team of professionals to support, maintain and evolve these products and… Read more »
Bid Date: July 8, 2021 2:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $27 million of new production, Jumbo Mortgages. The seller is a large non-bank with a large net worth. Investment Opportunity: Collateral Type: New Origination, Jumbo Fixed Rate Mortgages Current UPB: $26,947,669 Average UPB: $869,279.65 WAC: 3.120%… Read more »
Bid Date: 7/14/2021 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 $1.38 billion Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a bank with a mortgage operation that originates loans… Read more »
Bid Date: June 1, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $2.2 million of mixed performance, conventional loans. The seller is a large non-bank originator who has previously held and serviced these loans in portfolio. Investment Opportunity: 90% Performing, 10% Seriously Delinquent Current UPB: $2,211,000 Average UPB: $315,000… Read more »
Bid Date: June 25, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $14.7 million of mixed performance, GNMA and conventional loans. The seller is a large non-bank. Bids are due by Friday, 6/25/2021, with settlement no later than the first week of August 2021. Investment Opportunity: Collateral Type: 65%… Read more »
Bid Date: 5/27/2021 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 $908 million Fannie Mae and Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with an Indiana and Illinois… Read more »
Bid Date: 5/20/2021 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 $10.58 billion Fannie Mae, and Freddie Mac mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a California concentration. The… Read more »