Bid Date: 1/12/2017 5:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $60 Million Per Month FNMA Concurrent Flow Servicing Offering. The portfolio is being offered by a full-service mortgage banker and one of the largest Realtor-affiliated mortgage companies in the United States. The seller originates loans with a geographic concentration in Pennsylvania, New Jersey, and Delaware and will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $243,000 Average Loan Size
- 100% Fixed Rate
- 72% of the loans are from Pennsylvania, 23% from New Jersey and 5% from Delaware
- Weighted Average FICO of 756
- Weighted Average Original LTV of 80.20%
Seller is looking to enter into a 12-18 month future flow delivery, with a minimum 6 month commitment.
The bid date is January 12th, 2017 at 5:00 pm EST.
For buyers that may need more time due to EOY and/or holiday schedules, we will do our best to accommodate.
Dan Thomas, Managing Director, Client Solutions Group
email@example.com (212) 233-1250 x240
Mike Carnes, Managing Director, Capital Markets Group
firstname.lastname@example.org (212) 233-1250 x327
Steve Harris, Managing Director, MIAC Capital Markets
email@example.com (212) 233-1250 x212
Visit our website and learn more about MIAC Asset Sales and Advisory.