Bid Date: 12/19/2019 5:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration an $245.53 million Freddie Mac and Private mortgage servicing portfolio.
The portfolio is being offered by a mortgage company that originates loans with a New Jersey concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $143,419 Average Loan Size
- 51.69% FHLMC ARC
- 48.31% Private A/A / Warehouse
- Weighted average interest rate of 3.893%
- Weighted average delinquency rate of 3.97%
- Weighted average loan Age of 59 months
- 100% Retail
Percentages above are represented as % of loan count
Interested parties should contact their MIAC representative at (212) 233-1250 with any questions on the portfolio sale.
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
Mike Carnes, Managing Director, Capital Markets Group
Mike.Carnes@miacanalytics.com (212) 233-1250 x327