Puerto Rico – Based Whole Loan Offer
Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, a $16.1 million pool of Puerto Rican mixed performance, residential whole loans.
The loans are being offered on an all-or-none basis. These are seasoned, bank originated loans with full files for review, please contact your MIAC sales representative for the necessary NDA.
Bid Date: 3/19/2019 5:00 PM EST
- Geographic concentration: Puerto Rico
- $9.5mm insured GNMA
- $5.6mm conventional uninsured
- $10mm performing
- Average UPB: $50,000
- WAC: 7.39%
- MIAC transaction number 501153
Find out more
Learn more about MIAC Whole Loan Sales & Brokerage
For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250
For 29 years, Mortgage Industry Advisory Corporation (MIAC™) has been the preferred destination for mortgage-industry participants. In addition to providing whole loan brokerage services, MIAC™ offers third-party mortgage asset valuations, secondary market hedge advisory solutions, as well as state-of-the-art behavioral models.
MIAC Analytics™ is the most sophisticated mortgage pricing and risk management software suite available. The MIAC Analytics™ suite includes VeriFi™, DataRaptor-Surveillance™, MIAC Core™, and MIAC Vision™, to address FASB’s new Current Expected Credit Loss (“CECL“) requirements with the industries best modeling practices. VeriFi™ is used to support and manage the data quality auditing and review process. DR-Surveillance™ will measure a client’s collateral behavior including historical transition roll rates and Time_in_FCL exit curves; and these client specific behaviors are integrated into MIAC Core™, our loan level credit loss model embedded in our Vision™ cash flow engine and balance sheet model.