Bid Date: 7/27/2017 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 $616 Million GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a Texas concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $203,238 Average Loan Size
- 100% Fixed Rate
- 100% GNMA II
- Weighted average interest rate of 3.901%
- Weighted average delinquency rate of 3.23%
- Weighted average loan Age of 10 months
- Weighted average FICO of 697
- 100% Retail
- Texas concentration
NOTE: Bids may be submitted by Investor or in total.
Interested parties should contact their MIAC representative 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.