Bid Date: 07/12/2016 2:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $75 Million per month concurrent flow mortgage servicing offering. The Flow Servicing is being offered by one of the largest home building companies in the United States that originates loans with a geographic concentration in Texas, Florida, California and Arizona. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $335,142 Average Loan Size
- 91.58% Fixed rate loans
- FNMA – 100% (Seller is very close to getting their FHLMC approval)
- 31.56% of loans are from the state of Texas, 20.18% of the loans are from the state of Florida
- Weighted Average FICO of 744
- Weighted Average Orig LTV of 80.36%
Seller looking to enter into a 12-18 month future flow delivery, with a minimum 6 month commitment
Contact:
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
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