Bid Date: 10/18/2016 5:00 PM EST
$890 Million FNMA / FHLMC / GNMA mortgage servicing portfolio
Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $890 Million FNMA / FHLMC / GNMA 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:
- $270,133 Average Loan Size
- 95.65% Fixed Rate
- 44.62% FNMA A/A, 42.64% FHLMC Gold and 12.74% GNMA II
- Weighted average interest rate of 4.168%
- Weighted average delinquency rate of 0.89%
- Weighted average loan Age of 7 months
- Weighted average FICO of 728
- 100% Retail
- West Coast Concentration
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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