Market Opportunities

August 15, 2011

MIAC is currently working with a large number of institutions that have interest in purchasing MSR portfolios at realistic pricing levels in the current marketplace. The following is the portfolio characteristics that our current buyers are looking to purchase:

Residential

• Subprime MSR portfolios – ($100 million - $10 Billion) - National
• Government MSR Portfolios - (over $2 Billion) - southwestern states or -National
  
• FNMA, FHLMC MSR Portfolios – ($200 million - $1 Billion)  – National w/ strong counterparty
  
• High delinquent, seasoned GNMA MSRs - ($100 million - $5 Billion) - National
  
• High delinquent, seasoned FNMA MSRs– ( $100 million - $5 Billion)  -Bifurcation of reps & warrantees preferred
  
• FNMA MSR Portfolios - ($100 -$300 million) - Northeast and contiguous states
  
• FNMA/FHLMC MSR portfolios in Southeast and contiguous states
  
• Private Investor MSR portfolio – ($200 million - $1 Billion)  no advancing  requirements
  
• Non Agency RMBS  MSR Portfolios- $100- $5 Billion
  

Commercial

• GNMA Multifamily MSRs – ($100 Million - $10 Billion) - National
• FHLMC Multifamily MSR  - (over $2 Billion) - National
  
• FNMA DUS Multifamily Portfolios - ( $500 Million - $1 Billion) - National
  
• Special Servicing – ($100- $5 Billion) - National
  
• CMBS Primary- ($50 Million - $100 Billion) - National
  
• CMBS Master Servicing – ($50 Million - $100 Billion)  -National
  
• Small Balance Commercial MSRs-  Any size - National
  

MIAC would welcome the opportunity to discuss the MSR sale opportunities currently available in the marketplace and advise you on MSR risk management strategies that you may be considering.  Please call Dan Thomas, Managing Director, Client Solutions Group at 212-233-1250 ext. 240 or email Dan.Thomas@miacanalytics.com