Bid Date: 06/18/2019    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 $1.05 billion Fannie Mae and Freddie Mac mortgage servicing portfolio.

The portfolio is being offered by a mortgage company that originates loans nationally. Approximately 82% of the portfolio has been originated in conjunction with two bank relationships, whereby the originator performs underwriting, processing, closing and other services for the banks, and then acquires loans from the banks. The two banks are headquartered in Massachusetts. The Seller will be providing full representations and warranties for the loans included in this offering.

Key portfolio characteristics include:

  • $253,798 Average Loan Size
  • 56.01% FHLMC_3_ARC
  • 29.75% FNMA A/A
  • 14.24% FNMA MBS
  • Weighted average interest rate of 4.246%
  • Weighted average delinquency rate of 1.48%
  • Weighted average loan Age of 21 months

Percentages above are represented as % of loan count


Dan Thomas, Managing Director, Client Solutions Group (212) 233-1250 x240

Steve Harris, Managing Director, MIAC Capital Markets (212) 233-1250 x212

Mike Carnes, Managing Director, Capital Markets Group (212) 233-1250 x327