Bid Date: 06/22/2016 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 $1.5 Billion FNMA and FHLMC 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 full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $173,497 Average Loan Size
- 97.20% Fixed Rate
- 79.13% FNMA_A/A and 20.87% FHLMC_3_ARC
- Weighted average interest rate of 4.227%
- Weighted average delinquency rate of 3.29%
- Weighted average loan Age of 15 months
- Weighted average FICO of 733
- 99% Retail/Direct
- National geographic concentration
Contact:
Dan Thomas, Managing Director, Client Solutions Group
dan.thomas@miacanalytics.com (212) 233-1250 x240
Steve Harris, Managing Director, MIAC Capital Markets
steve.harris@miacanalytics.com (212) 233-1250 x212
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