Seller is a Large Midwest Bank with a large mortgage origination desk.

The Offering is up to $16mm of Lightly Seasoned Bank originated, Performing, ARMs as Detailed Below.  There is a population of F30 available as well.

The price expectation is Mid 101’s, carve outs available.

$16mm Performing, Jumbo, 5 and 7 Year ARMS, Non-QM

[table width =”100%” style =”table-striped table-bordered table-hover” responsive =”true”]
[table_head]
[th_column]Total UPB[/th_column]
[th_column]$          16,532,516[/th_column]
[th_column] [/th_column]
[/table_head]
[table_body]
[table_row]
[row_column]Average UPB[/row_column]
[row_column]$                688,855 [/row_column]
[row_column] [/row_column]
[/table_row]
[table_row]
[row_column]GWAC[/row_column]
[row_column]3.661%[/row_column]
[row_column] [/row_column]
[/table_row]
[table_row]
[row_column] [/row_column]
[row_column] [/row_column]
[row_column] [/row_column]
[/table_row]

[table_row]
[th_column]Purpose[/th_column]
[row_column]Total[/row_column]
[row_column] [/row_column]
[/table_row]
[table_row]
[row_column]Purchase[/row_column]
[row_column]$          12,550,857 [/row_column]
[row_column] [/row_column]
[/table_row]
[table_row]
[row_column]Refinance – Equity Takeout[/row_column]
[row_column]$             1,502,208 [/row_column]
[row_column]  [/row_column]
[/table_row]
[table_row]
[row_column]Refinance – Rate and Term[/row_column]
[row_column]$             2,479,450 [/row_column]
[row_column] [/row_column]
[/table_row]
[table_row]
[row_column]Grand Total[/row_column]
[row_column]$          16,532,516[/row_column]
[row_column] [/row_column]
[/table_row]
[table_row]
[row_column] [/row_column]
[row_column] [/row_column]
[row_column] [/row_column]
[/table_row]

[table_row]
[row_column]Concentration[/row_column]
[row_column]UPB[/row_column]
[row_column] [/row_column]
[/table_row]
[table_row]
[row_column]CA[/row_column]
[row_column]$             7,004,524 [/row_column]
[row_column]42.4%[/row_column]
[/table_row]
[table_row]
[row_column]VI[/row_column]
[row_column]$             3,914,398 [/row_column]
[row_column]23.7%[/row_column]
[/table_row]
[table_row]
[row_column]TX[/row_column]
[row_column] $             1,460,728 [/row_column]
[row_column]8.8%[/row_column]
[/table_row]
[/table_body]
[/table]

 


Find out more

Learn more about MIAC Whole Loan Sales – find out more

Brendan Teeley

Senior Vice President Whole Loan Sales, Trading
Mortgage Industry Advisory Corporation
521 5th Avenue, 9th Floor
New York, NY 10175
212-233-1250 x 281
317-531-5297 Mobile
brendan.teeley@miacanalytics.com