In this issue… CECL – Current Expected Credit Loss: A CORE Competency? Dean Hurley, Director, Capital Markets Group Jeffrey Zuckerman, Vice President, Capital Markets Group Current Expected Credit Loss (“CECL”, ASC 825-15) is the Financial Accounting Standards Board’s (FASB) new model for calculation of loan loss reserves, which requires consideration of multiple scenarios looking out over… Read more »

Bid Date: 6/8/2017 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $439 Million FNMA/FHLMC/GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a Florida concentration. The Seller will be providing full… Read more »

April 28, 2017   /   Press Release Charlotte, NC – On April 25th, Mortgage Industry Advisory Corporation (MIAC), hosted the second in a series of private events to launch its CECL process rollout, in uptown Charlotte, NC at “Fahrenheit.” MIAC was joined by its core constituency of clients and strategic partners. Effectively, the FASB has formalized… Read more »

Bid Date: 5/9/2017 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $2.09 Billion GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a National Geographic Concentration. The Seller will be providing… Read more »

Buyer is seeking $50mm+ of ARMs secured by residential First Lien Whole Loans.  Buyer would consider a flow relationship for the remainder of 2017 to meet larger acquisition goals. Service Retained or Released The loans are underwritten to Agency Guidelines <80 LTV Midwest states, Ohio Priced to Market Seasoned or New Origination 1, 3, 5,… Read more »

Seller is a large Non-Bank Originator. The Seller is seeking to sell as a loan level, or All Or None Bid. The population consists of Agency Loans kicked by aggregators. Bid Date: 4/12/2017 The loans are underwritten to Agency Guidelines 4 Whole Loans 75% FL, 25% IN 4.188% WAC $347,295 AV UPB Pricing in the 90s… Read more »

Bid Date: TBD Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $432 GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a New York concentration. The Seller will be providing full representations and warranties… Read more »

Bid Date: 4/25/2017 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration, a $520 Million FNMA/FHLMC/GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a West Coast Concentration. The Seller will be providing… Read more »