Research Insights: The Impact of the Agency’s New Adverse Market Fee

Posted in MIAC Publications, Research Insights.

By Dick Kazarian, Managing Director, Borrower Analytics Group      Mike Carnes, Managing Director, MSR Valuations Group Announcement and Industry Feedback Announced on August 12th and applied to all refinance mortgages with settlements dates on or after September 1, 2020, both Fannie Mae and Freddie Mac will begin charging a 0.5% adverse market fee on… Read more »

Research Insights (UPDATE): Modeling the Impact of Covid-19 on Whole Loans – Credit, Cash Flows and Valuation

Posted in MIAC Publications, Research Insights.

By Dean C. Hurley, Managing Director, Structured Products and Whole Loan Valuation Group      Dick Kazarian, Managing Director, Borrower Analytics Group MIAC Coronavirus Macrofactor Scenarios MIAC has revised our March-end macrofactor scenarios that show how we view the economy over the next three years because of the Coronavirus pandemic. We have sketched out possible… Read more »

Research Insights: Modeling the Impact of Covid-19 on Whole Loans – Credit, Cash Flows and Valuation

Posted in MIAC Publications, Research Insights.

By Dean C. Hurley, Managing Director, Structured Products and Whole Loan Valuation Group      Dick Kazarian, Managing Director, Borrower Analytics Group Markets Overview – The Environment All of the major financial markets have suffered major disruptions as a result of the Coronavirus Disease 2019 (“Covid-19”). MIAC’s position is that only by properly modeling the… Read more »

Research Insights: Credit Risk in GNMAs – October 2019

Posted in MIAC Publications, Research Insights.

Introducing MIAC’s “Research Insights” series: designed to be both short and topical. Your feedback is essential and we welcome comments on existing articles as well as suggestions for future ones. Measuring Credit Outcomes There are numerous ways to quantify credit outcomes – each of these metrics have their strengths and weaknesses. However, for purposes of… Read more »

Research Insights: Liquidation Timelines

Posted in MIAC Publications, Research Insights.

This is the second edition of Research Insights, taking a closer look at liquidation timelines. Because this is a complex subject, this edition focuses on a few key themes. Additional details will be addressed in future editions of our Research Insights series. What are Liquidation Timelines? We define the liquidation timeline for a residential loan… Read more »