$1.5 Billion FNMA / FHLMC bulk servicing offering with an optional co-issue opportunity

Bid Date: 08/24/2016 5:00 PM EST

$1.5 billion FNMA / FHLMC bulk servicing offering with optional $50 to $100 million per month co-issue

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 with an optional co-issue opportunity totaling $50 to $100 million per month. 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:
  • $172,926 Average Loan Size
  • 98.1% Fixed Rate
  • 77.3% FNMA_MBS, 2.4% FNMA_A/A and 20.3% FHLMC_ARC
  • Weighted average interest rate of 4.22%
  • Weighted average delinquency rate of 2.65%
  • Weighted average loan Age of 17 months
  • Weighted average FICO of 728
  • 99% Retail
  • National geographic footprint

 

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