MIAC Whole Loan Desk
January 18, 2018
New York, NY – Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as the exclusive agent, a $71 million pool of reperforming residential first lien whole Loans.
The loans are being offered on an all-or-none basis and are servicing released.
- Interest Rate Range: 2.0% to 11.5%
- 75.5% Modified Loans
- Geographic Concentration: CA, FL, IL, NY, and NJ.
- Recent BPOs available, but should not be relied upon by bidder
- Average Total UPB: $229,856
- WAC: 4.00%
- Aggregate LTV: 70%
- WA FICO: 608
- WA Months Performing: 11.77
- CRA Credit Eligibility for potentially: 83 units
Find out more
Learn more about MIAC Whole Loan Sales & Brokerage
MIAC sales representative at (212) 233 – 1250
Managing Director, MIAC Capital Markets
212-233-1250 x 212
SVP, Whole Loan Sales, Trading
212-233-1250 x 281
For over 28 years, Mortgage Industry Advisory Corporation (MIAC) has been the preferred destination for mortgage industry participants. In addition to providing whole loan brokerage services, MIAC® offers third-party mortgage asset valuations, secondary market hedge advisory solutions, as well as state-of-the-art behavioral models.
MIAC Analytics™ is the most sophisticated mortgage pricing and risk management software suite available. The MIACAnalytics™ suite includes VeriFi™, DataRaptor-Surveillance™, MIAC Core™, and Vision™ to address FASB’s new Current Expected Credit Loss (“CECL”) requirements with the industries best modeling practices. VeriFi™ is used to support and manage the data quality auditing and review process. DR-Surveillance™ will measure a client’s collateral behavior including historical transition roll rates and Time_in_FCL exit curves, and these client-specific behaviors are integrated into MIAC Core™, our loan level credit loss model embedded in our Vision™ cash flow engine and balance sheet model.