Bid Date: 11/08/2018 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 $435.40 million agency/government mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a West Coast concentration.
The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $229,278 Average Loan Size
- 99.79% Fixed Rate
- 5.90% FNMA A/A
- 0.47% FHLMC ARC
- 0.11% GNMA I
- 93.52% GNMA II
- Weighted average interest rate of 4.27%
- Weighted average delinquency rate of 7.9%
- Weighted average loan Age of 26 months
- Weighted average FICO of 676
- 100% Retail
Percentages above are represented as % of loan count
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