Mortgage Industry Advisory Corp., New York, has announced the launch of a new website at an address that the company says "more accurately depicts the breadth of its offerings."The name of the new site is MIACAnalytics.com. MIAC was founded in 1989 by Wall Street veterans Bob Husted and Paul Van Valkenburg to provide whole-loan and mortgage servicing rights hedge advisory and valuation services. Since then, the company's services have evolved to include valuation, accounting and risk management services, secondary systems, and strategic asset sales. "The scope of our products and services has broadened such that it no longer makes sense for us to position ourselves solely on the servicing side of the business," said Mr. Van Valkenburg. MIAC said it serves as an outsourced project manager for 150 financial institutions across the country. MIAC's original website can still be found online at http://www.servicing.com. The new website can be found at http://www.miacanalytics.com.
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The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
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Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
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The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
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Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
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The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
7h ago -
Underserved markets advocates also want to keep the 30-year mortgage and do more to expand rural and manufactured housing while preserving low cost homes.
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