Bid Date: 9/14/2017 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 a $424 Million Ginnie Mae mortgage servicing portfolio.
The portfolio is being offered by a mortgage company that originates loans with a California Concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $224,461 Average Loan Size
- 99.74% Fixed Rate and 0.26%ARM Loans
- 0.11% GNMA I
- 99.89% GNMA II
- Weighted average interest rate of 4.107%
- Weighted average delinquency rate of 6.41%
- Weighted average loan Age of 19 months
- Weighted average FICO of 655
- 100% Retail
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
Visit our website and learn more about MIAC Asset Sales and Advisory.