Whole Loan Execution Update

Posted in Archives, Perspectives.

Market Size Residential mortgages generally fall into one of two categories:  Agency — eligible for programs offered by Fannie Mae, Freddie Mac, or Ginnie Mae (FHA/VA) — and non-Agency. As of Q1 2017, Agency loans are approximately 85% of new originations. According to the Federal Reserve Board, mortgage debt outstanding in that year totaled approximately… Read more »

Winter Update 2014 – The Winter of Data Discontent

Posted in Archives, Recent News.

As regulatory standards tighten and the enforcement environment frosts, data integrity becomes even more of a critical focus for the participants in the mortgage industry. Of particular importance is the need by lending institutions to complete a successful regulatory or compliance audit. Complete and accurate data can be difficult to maintain and validate. Yet in… Read more »

Q4 2013 – Residential Housing Market Update

Posted in Archives, Perspectives.

Current Residential Real Estate Outlook We have seen the media and the news is out—developed countries such as the United States are providing engines for the world economy for the first time in five years as opposed to emerging markets. The question now is how soon will the U.S. make a full recovery to housing… Read more »

Q4 2013 – Mortgage Servicing Rights Market Update

Posted in Archives, Perspectives.

Residential Mortgage Servicing Rights (MSRs) Market Update A decline in refinancing volumes, spurred by a sudden rise in long-term interest rates between May and July led to lower mortgage banking income for numerous firms across the sector but opposed to focusing on the negative, let us focus on all of the positives. 1)  Credit qualities are potentially… Read more »

A Brief Introduction to the Student Markets of the U.K. & U.S.

Posted in Archives, Perspectives.

Introduction  There are some core differences in the student loan markets across the United Kingdom (UK) and United States (US), most of which are product and origination related and the differing timing and conditions of repayment obligations.  The US market also includes a private origination element that, as yet, doesn’t exist in the same way… Read more »

MIAC Perspectives – Spring/Summer 2013

Posted in Archives, Perspectives.

In this issue… Commercial Mortgage Market Update Dean C. Hurley, Senior Vice President, Capital Markets Group We have seen the media and the news is out—developed countries such as the United States are providing engines for the world economy for the first time in five years as opposed to emerging markets. The question now is… Read more »

Q2 2013 – Mortgage Servicing Rights Market Update

Posted in Archives, Perspectives.

Mortgage Rates since September have been relatively stable and range bound leading to Mortgage Servicing Rights (MSR) valuations that have also stayed in a fairly tight range of +/- 10 basis points over the past quarter. Most of our clients with lower coupon product have stayed within a +/- 5 basis point range. The 30-Year… Read more »

Best Practices in Mortgage Pipeline Risk Management

Posted in Archives, Perspectives.

One of the primary goals for any secondary marketing manager is to develop systems and controls for measuring and managing mortgage pipeline risks in order to make better decisions regarding secondary marketing execution. The end-game is to enable the company to realize the profit margin that is baked into the pricing on “day one” of… Read more »