Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $173 million of Seasoned, GNMA Non-Performing Whole loans. The seller was a large non-bank originator with a national footprint. The loans were sold service released with the Seller receiving interest advances, corporate and escrow advances.
Investment Opportunity:
- Collateral Type: Insured, Non-Performing, GNMA
− FHA 82%
− VA 12%
− USDA 6%
- May 2021 Settlement
- Average UPB: $167,142
- WAC: 4.14%
- Loan Count: 1040
- Top Geography:
State | Count | UPB |
LA | 831 | $142,486,742.48 |
AL | 101 | $14,930,438.17 |
MS | 31 | $4,556,397.89 |
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
Brendan Teeley
SVP, Whole Loan Sales, Trading
(646) 315-9221
Brendan.Teeley@miacanalytics.com