Bid Date: 5/9/2017 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 $2.09 Billion GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a National Geographic Concentration. The Seller will be providing full representations and warranties for the loans included in this offering.

Key portfolio characteristics include:
  • $123,290 Average Loan Size
  • 99.38% Fixed Rate
  • 23.09% GNMA I and 76.91% GNMA II
  • Weighted average interest rate of 3.806%
  • Weighted average delinquency rate of 9.54%
  • Weighted average loan Age of 53 months
  • Weighted average FICO of 672
  • 73.87% Direct Corporate and 25.93% Retail Corporate
  • National Geographic Concentration

Sale and Transfer Date: Seller would prefer a Sale Date of June 30, 2017, or before. Portfolio transfer date will be subject to investor approval and sub-servicer transfer timelines.

Interested parties should contact their MIAC representative with any questions on the portfolio sale.


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

Visit our website and learn more about MIAC Asset Sales and Advisory.