Residential loans fall into one of two categories:  Agency — eligible for programs offered by Fannie Mae, Freddie Mac, or Ginnie Mae (FHA/VA) — and non-Agency. As of late 2015, Agency loans are approximately 90% of new originations. According to the Federal Reserve Board, mortgage debt outstanding in that year totaled approximately $13.5 trillion. By… Read more »

Home mortgage rates tend to move in the same direction as U.S. Treasuries but as-is traditionally the case, seldom is there a one-for-one relationship. Such was the case on Friday, June 24, 2016, when the U.S. Market awakened to the knowledge that the British electorate voted to leave the European Union which meant the beginning… Read more »

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 the lifetime of the instrument. These standards replace those now in use for preparing Allowance for Loan & Lease Losses, (“ALLL”), purchased credit-deteriorated assets,… Read more »

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 »

201366 Offering Memorandum The Whole Loan Desk at MIAC is offering 98 NPLs as described below. Seller is a Bank Client, whom MIAC has sold for in the past. Top Three States: FL (18), MD (17), NY (11) $330,000 AV UPB 3.847% WAC 1.08 WA LTV 3365 WA Age 982 WA Delinquency Total MI Amount: $18,822,592.44… Read more »

Bid Date: 07/12/2016 2:00 PM EST Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $75 Million per month concurrent flow mortgage servicing offering. The Flow Servicing is being offered by one of the largest home building companies in the United States that originates… Read more »

London – MIAC Acadametrics (“M | A”), a leading independent asset valuation service provider; specializing in behavioral modelling, stress testing and collateral valuation services and due diligence services, announced today that George Patellis will be joining the M | A team as Director UK/Eurozone Due Diligence.  Based in London, George will lead our due diligence and… Read more »

New York – Mortgage Industry Advisory Corporation (MIAC) as exclusive transaction advisor to the Seller, is pleased to announce the successful closing of a $3.7 Billion GNMA multifamily & healthcare MSR portfolio.   $3.7 Billion GNMA Multifamily & Healthcare MSR Portfolio        Contact: Dan Thomas, Managing Director Client Solutions Group (212) 233-1250 x240… Read more »

Our UK arm, MIAC Acadametrics Ltd provide modelling and analytical services to Funding Circle in support of EIB transaction. Announcement of investment by EIB: http://bit.ly/28JzG8R See Funding Circle twitter page for various news items and announcements: https://twitter.com/FundingCircleUK Early press coverage: FT: http://on.ft.com/28JqL5g City A.M.: http://bit.ly/28Jl3S8 Contact the MIAC Acadametrics team, to discuss your financial modelling and… Read more »