$14.1 Million Credit Union Participation Loan Sale – 801294

Bid Date: October 5th, 2023 5:00 PM EST

Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the offering of Performing, Credit Union mortgage loan participations. The seller is a mid-sized credit union with a national footprint. The loans are being offered on a 90/10 participation basis.

Investment Opportunity:

  • Collateral Type: 1st Lien Residential Mortgages
  • Product Type: 5/1 & 6/1 CMT Hybrid Arms
  • Current UPB: $14,086,345
  • Average UPB: $541,782
  • Gross WAC: 6.206%
  • Net WAC: 5.956%
  • WA FICO: 778
  • WA LTV: 76.12%
  • Loan Count: 26

Find out more

Learn more about MIAC Whole Loan Sales & Brokerage

Contact

For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250

Steve Harris
Managing Director, MIAC Capital Markets
(908) 400-2615
Steve.Harris@miacanalytics.com

Nicholas Dorn
SVP, Whole Loan Sales, Trading
(561) 346-6814
Nicholas.Dorn@miacanalytics.com