Bid Date: 06/28/2016 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 $216 Million FNMA / GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a geographic concentration in Florida. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $194,218 Average Loan Size
- 99.92% Fixed Rate
- 83.99% FNMA_A/A and 16.01% GNMA_II
- Weighted average interest rate of 4.250%
- Weighted average delinquency rate of 2.07%
- Weighted average loan Age of 11 months
- Weighted average FICO of 725
- 48.96% Retail, 17.43% Third Party Originated and 33.63% Wholesale
- Geographical concentration in Florida
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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