In this issue…
CECL – Raising the Standards of Success
Dean Hurley, Managing Director, Structured Products Group
Jeffrey Zuckerman, Vice President, Capital Markets Group
The CECL is bringing fair value into the ALLL. We describe how the standards are impacting the financial industry — and how MIAC is partnering with organizations to ensure a smooth implementation.
Mortgage Benchmark Prices and Yields in a Post-LIBOR World
K. Daniel Libby, CFA, Senior Vice President, Capital Markets Group
For purposes of lowering mortgagor borrowing costs, building a stronger banking system through more efficient hedging of mortgage risk, and encouraging additional capital to enter the mortgage sector, we believe there is ample reason to include a mortgage current coupon yield (CCY) index as one of the alternative indices to LIBOR.
Residential MSR Market Update
Mike Carnes, Managing Director, Capital Markets Group
As measured by Bankrate, month-over-month primary market 30-Yr conventional mortgage rates increased by three basis points to end the month of October at 3.83%. Quarter-over-quarter, 30-Yr conventional rates experienced a slight two basis point decline.
Selling Seasoned Residential Whole Loans to The GSEs or Ginnie Mae
Jason Eisendrath, Director, Loan Sale Strategies, MDS – Mortgage Delivery Specialists – Part of MIAC
If a bank or credit union decides to sell Agency-originated loans that are currently being held in their portfolio, what are their options?
Whole Loan Execution Update
Brendan Teeley, Senior Vice President, Whole Loan Sales & Trading
Buyers and Sellers of mortgage loans should insist on working with trading partners who are seasoned in transacting, performing valuation, and hedging as diverse a population of mortgage products as possible, with optimal results.
Superior Integration to FNMA Cash Window in Marketshield® v5.0
Tina Freeman, CFA, Managing Director, Secondary Solutions Group
MIAC’s secondary markets trading desks have been enjoying the recent addition of a new, advanced integration to the FNMA Cash Window that is providing us with substantial time savings. We are pleased to announce that this enhancement to our MarketShield® platform is now available for client use.