New York – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its whole loan desk successfully placed approximately $339mm of seasoned, first lien HELOC whole loans. For additional information, please contact the undersigned.

The successful execution of this loan sale represents an important transaction for MIAC Capital Markets, as we continue to expand our presence in the whole loan market place. This sale demonstrates that buyers are willing and able to execute on a wider range of assets and loan programs. This sale is the final execution of this portfolio, with the first tranche being sold in early 2016.

Steve Harris, Managing Director of MIAC’s Capital Markets group, said, “This transaction demonstrates MIAC’s expertise in valuing and transacting in a broad range of whole loans. Utilizing MIACs proprietary suite of valuation and stress testing tools, CORE™ non-agency behavioral model and Vision™ mortgage valuation and stress testing module, we were able to identify value in the marketplace and deliver superior execution to our seller and buyers. Additionally, utilizing MIAC’s broker/dealer we are able to extend our valuation and distribution abilities to securities. Please give us a call if you would like to value your assets and discuss disposition alternatives.”

$339,000,000

Seasoned First Lien Whole Loan HELOCs

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For more information, please contact:

Stephen Harris

Managing Director
Mortgage Industry Advisory Corporation
521 5th Avenue, 9th Floor
New York, NY 10175
212-233-1250 x 212
steve.harris@miacanalytics.com

Brendan Teeley

Vice President Whole Loan Sales, Trading
Mortgage Industry Advisory Corporation
521 5th Avenue, 9th Floor
New York, NY 10175
212-233-1250 x 281
brendan.teeley@miacanalytics.com

Dan Thomas

Managing Director
Mortgage Industry Advisory Corporation
521 5th Avenue, 9th Floor
New York, NY 10175
212-233-1250 x 240
dan.thomas@miacanalytics.com

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About MIAC

For over 27 years, Mortgage Industry Advisory Corporation (MIAC) has been the preferred destination for sophisticated mortgage-industry participants. In addition to providing discrete whole loan brokerage services, MIAC offers third-party mortgage asset valuations, secondary market hedge advisory solutions, as well as state-of-the-art behavioral models.

MIAC Analytics™ is the most sophisticated mortgage pricing and risk management software suite available. The MIAC Analytics™ suite includes VeriFi™, DR-Surveillance™, MIAC CORE™, and Vision™ to address FASB’s new Current Expected Credit Loss (“CECL”) requirements with the industries best modeling practices. VeriFi is used to support and manage the data quality auditing and review process. DR-Surveillance will measure a client’s collateral behavior including historical transition roll rates and Time_in_FCL exit curves; and these client specific behaviors are integrated into MIAC CORE™, our loan level credit loss model embedded in our Vision cash flow engine and balance sheet model.

MIAC Capital Markets is a registered broker dealer and a member of FINRA and SIPC. This notice is not intended as an offer of sale or solicitation of whole loans. This notice is intended for institutional clients only.