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