201289 Offering Memorandum
Being Offered for Service Released sale is a Whole Loan Portfolio consisting of 455 First Lien, Residential Mortgages, with a GWAC of 7.33%. The performance of the loans range from NPL to current, the unique opportunity is the data available MIAC his as a near complete performance history of the 10 year life of these loans, as well as the larger cohort. The cash flow, cure rate and performance is unique to Puerto Rico Residential mortgages. Approximately half of the population is FHA with mortgage insurance in place.
Given the unique nature of the Collateral, MIAC is able to provide advanced performance, price and historical data. Puerto Rico mortgages perform much differently than Mainland US loans will.
[table width =”100%” style =”table-striped table-bordered table-hover” responsive =”true”]
[table_head]
[th_column]Program[/th_column]
[th_column]UPB[/th_column]
[th_column]Count[/th_column]
[th_column]Average UPB[/th_column]
[/table_head]
[table_body]
[table_row]
[row_column]Conventional[/row_column]
[row_column]$ 9,229,876.38[/row_column]
[row_column]143[/row_column]
[row_column]$ 64,544.59[/row_column]
[/table_row]
[table_row]
[row_column]FHA[/row_column]
[row_column]$ 12,465,943.78[/row_column]
[row_column]274[/row_column]
[row_column]$ 45,496.15[/row_column]
[/table_row]
[table_row]
[row_column]USDA[/row_column]
[row_column]$ 1,894,638.55[/row_column]
[row_column]35[/row_column]
[row_column]$ 54,132.53[/row_column]
[/table_row]
[table_row]
[row_column]VA[/row_column]
[row_column]$ 641,351.91[/row_column]
[row_column]11[/row_column]
[row_column]$ 58,304.72[/row_column]
[/table_row]
[table_row]
[row_column]Grand Total[/row_column]
[row_column]$ 24,231,810.62[/row_column]
[row_column]463[/row_column]
[row_column]$ 52,336.52[/row_column]
[/table_row]
[/table_body]
[/table]
[table width =”100%” style =”table-striped table-bordered table-hover” responsive =”true”]
[table_head]
[th_column]Delinquency[/th_column]
[th_column]Sum of Principal Balance[/th_column]
[th_column]Count[/th_column]
[th_column]Average of Principal[/th_column]
[/table_head]
[table_body]
[table_row]
[row_column]Current[/row_column]
[row_column]$ 10,739,274.10[/row_column]
[row_column]239[/row_column]
[row_column]$ 44,934.20[/row_column]
[/table_row]
[table_row]
[row_column]90 days[/row_column]
[row_column]$ 668,425.81[/row_column]
[row_column]14[/row_column]
[row_column]$ 47,744.70[/row_column]
[/table_row]
[table_row]
[row_column]90 days[/row_column]
[row_column]$ 668,425.81[/row_column]
[row_column]14[/row_column]
[row_column]$ 47,744.70[/row_column]
[/table_row]
[table_row]
[row_column]60 days[/row_column]
[row_column]$ 533,091.19[/row_column]
[row_column]11[/row_column]
[row_column]$ 48,462.84[/row_column]
[/table_row]
[table_row]
[row_column]630 days[/row_column]
[row_column]$ 2,971,859.99[/row_column]
[row_column]61[/row_column]
[row_column]$ 48,719.02[/row_column]
[/table_row]
[table_row]
[row_column]180+ days[/row_column]
[row_column]$ 8,865,165.75[/row_column]
[row_column]120[/row_column]
[row_column]$ 73,876.38[/row_column]
[/table_row]
[table_row]
[row_column]150 days[/row_column]
[row_column]$ 111,177.98[/row_column]
[row_column]4[/row_column]
[row_column]$ 27,794.50[/row_column]
[/table_row]
[table_row]
[row_column]120 days[/row_column]
[row_column]$ 342,815.80[/row_column]
[row_column]14[/row_column]
[row_column]$ 24,486.84[/row_column]
[/table_row]
[table_row]
[row_column]Grand Total[/row_column]
[row_column]$ 24,231,810.62[/row_column]
[row_column]463[/row_column]
[row_column]$ 52,336.52[/row_column]
[/table_row]
[/table_body]
[/table]
[table width =”100%” style =”table-striped table-bordered table-hover” responsive =”true”]
[table_head]
[th_column]Mortgage Insurance[/th_column]
[th_column]UPB[/th_column]
[th_column]Loan Count[/th_column]
[/table_head]
[table_body]
[table_row]
[row_column]N/A[/row_column]
[row_column]$ 9,838,668.44[/row_column]
[row_column]148[/row_column]
[/table_row]
[table_row]
[row_column]Active[/row_column]
[row_column]$ 11,167,724.76[/row_column]
[row_column]247[/row_column]
[/table_row]
[table_row]
[row_column]Conventional[/row_column]
[row_column]$ 35,651.30[/row_column]
[row_column]1[/row_column]
[/table_row]
[table_row]
[row_column]Unknown[/row_column]
[row_column]$ 2,742,996.90[/row_column]
[row_column]57[/row_column]
[/table_row]
[table_row]
[row_column]Rural[/row_column]
[row_column]$ 390,676.47[/row_column]
[row_column]8[/row_column]
[/table_row]
[table_row]
[row_column]Terminated[/row_column]
[row_column]$ 56,092.75[/row_column]
[row_column]2[/row_column]
[/table_row]
[table_row]
[row_column]Grand Total[/row_column]
[row_column]$ 24,231,810.62[/row_column]
[row_column]463[/row_column]
[/table_row]
[/table_body]
[/table]
[servicebox icon=”glyphicon-pencil” icontype=”glyphicon” icon_size=”40″ iconbg_size=”100″ iconbg_radius=”20″ margin_bottom=”10″ margin_top=”5″ iconbgcolor=”#FFFFFF” iconcolor=”#777777″ headingtype=”” readmorestyle=”default”]Execute NDA to Receive Loan Tape[/servicebox]
Brendan Teeley
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
Data contained herein was provided by the seller as of 01/13/2016. Seller has represented that the information is reliable, however this does not constitute a guarantee, representation or warranty, expressed or implied, as to the accuracy or completeness of the information. The data contained is not intended to be a comprehensive summary of the all aspects of the offer of sale. Prospective buyers should conduct their own review and analysis of the data and other information described herein. This presentation of this offering document does not constitute a recommendation of the offering or a determination of its appropriateness for specific purchasers.
Share this Post
