Bid Date: 11/28/2018 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 $7.14 billion Fannie Mae/Ginnie Mae 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:
- $275,924 Average Loan Size
- 88.46% FNMA A/A
- 5.60% FNMA MBS
- 5.94% GNMA II
- Weighted average interest rate of 3.789%
- Weighted average delinquency rate of 0.94%
- Weighted average loan Age of 24 months
- Weighted average FICO of 743
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