Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $3 Billion FNMA/GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a national geographic concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $170,406 Average Loan Size
- 95.38% Fixed and 4.62% Hybrid loans
- 14.12% FNMAA/A, 33.19% FNMA MBS, 17.55% GNMA I and 35.14% GNMA II loans
- Weighted average interest rate of 4.254%
- Weighted average delinquency rate of 11.61%
- Weighted average loan Age of 35 months
- 20.97% Retail and 79.03% Wholesale
- 78.01% Refinance and 21.99% Purchase loans
- National Geographic concentration
Bid Date: July 14, 2014 5:00 PM EST
To receive a copy of the Offering Memorandum, please contact your MIAC representative or email email@example.com. Upon execution of a Confidentiality Agreement, loan level data will be supplied to prequalified buyers.
Dan Thomas, Managing Director (212) 233-1250 Ext. 240 | firstname.lastname@example.org
Steve Harris, Managing Director (212) 233-1250 Ext. 212 | email@example.com