Bid Date: 05/11/2016 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 $268.75 million FNMA mortgage servicing portfolio.
The portfolio is being offered by a mortgage company that originates loans with a geographic concentration in Illinois. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $148,478 Average Loan Size
- 99.97% Fixed Rate
- 100% FNMA_A/A
- Weighted average interest rate of 4.181%
- Weighted average delinquency rate of 0.33%
- Weighted average loan Age of 37 months
- Weighted average FICO of 752
- 100% Retail
- Geographic concentration in Illinois
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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