MIAC Announces Recently Closed $527 million GNMA Mortgage Servicing Rights Transaction
NEW YORK, February 23, 2011— Acting as exclusive broker, Mortgage Industry Advisory Corporation (MIAC) has successfully closed the sale of a Ginnie Mae Residential Mortgage Servicing Rights portfolio with an unpaid principal balance of $527 million in February. The portfolio was offered through a competitive auction process and traded at expected market levels with full representations and warranties.
MIAC is currently marketing two residential MSR portfolios, a $70 million Fannie Mae portfolio that is moderately seasoned with properties primarily in Illinois and a $36 million Fannie Mae portfolio that is low coupon, new production with properties primarily located in Utah, California and Colorado.
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$527 Million
Ginnie Mae
Residential Mortgage Servicing Rights
Portfolio Sale
February, 2011
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