Overview of the Rules CECL overhauls the current impairment models for loans, leases and debt securities, and also impacts commitments. It removes the “probable” threshold under the “incurred loss model” for recognizing credit losses. Firms will be required to report the current estimate of lifetime loan losses, incorporated into the Allowance for Loan and Lease… Read more »

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. While this amount of month-over-month mortgage rate movement may produce only a minimal upward shift in value, there was also… Read more »

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. Our latest release of MarketShield v5.0 not only… Read more »

Who are the GSEs and Ginnie Mae? Fannie Mae, the Federal National Mortgage Association (FNMA) and Freddie Mac, the Federal Home Loan Mortgage Corporation (FHLMC) are the established secondary market lenders responsible for the liquidity of the majority of conventional, non-Government, conforming residential whole loans that are originated today and for the past number of… Read more »

Executive Summary 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 index as one of  the alternative indices to LIBOR Now that protective… Read more »

Bid Date: 10/19/2017 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 $188 Million Agency mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a California concentration. The Seller will be providing full… Read more »

Bid Date: 10/19/2017 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 $570 Million Agency mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with an Ohio, West Virginia and Kentucky concentration. The Seller… Read more »

Bid Date: 10/17/2017 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 $339 Million Agency mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a California concentration. The Seller will be providing full… Read more »

MIAC™ Capital Markets Group MIAC™ has significant capabilities in the CRA whole loan market. As the CRA season has begun, MIAC™ is prepared to provide buyers and sellers an effective method to source and place CRA-eligible loans. Please visit MIAC’s website: www.miacanalytics.com/wholeloan Contact For additional information, please contact your MIAC™ salesperson (212) 233 – 1250… Read more »

Based on the changes to key market indices, month-over-month MIAC’s Conventional 30-YR GSA Index declined by 3 basis points, but there was considerable price volatility along the way. In the last week of August, MSR’s rallied to recover nearly all the earlier losses. Some of the rally was attributable to national mortgage delinquency rates being… Read more »