Bid Date: TBD
Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $432 GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a New York concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $176,977 Average Loan Size
- 100% Fixed Rate
- 0.16% GNMA I and 99.84% GNMA II Loans
- Weighted average interest rate of 3.928%
- Weighted average delinquency rate of 11.31%
- Weighted average loan age of 20 months
- Weighted average FICO of 690
- Weighted average Original LTV of 98.32
- 100% Retail
Interested parties should contact their MIAC representative with any questions on the portfolio sale.
Dan Thomas, Managing Director, Client Solutions Group
firstname.lastname@example.org (212) 233-1250 x240
Steve Harris, Managing Director, MIAC Capital Markets
email@example.com (212) 233-1250 x212
Mike Carnes, Managing Director, Capital Markets Group
firstname.lastname@example.org (212) 233-1250 x327
Visit our website and learn more about MIAC Asset Sales and Advisory.