Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $223 million of Seasoned, GNMA Non-Performing Whole loans. The seller was a large non-bank originator with a national footprint. The loans are being sold Service Released.

Investment Opportunity:

  • Collateral Type: Insured, Non-Performing, GNMA
−  FHA 70%
−  VA 27%
−  USDA 3%
  • November 2021 Settlement
  • Average UPB: $204,648
  • WA Current FICO: 566
  • WAC: 4.32%
  • Loan Count: 1091
  • Modification Count: 667
  • Top Geography:
State Count UPB
CA 104 $26,130,282.19
TX  133 $25,166,864.16
FL  117 $25,106,915.75
NY  74 $20,624,596.57
MD  54 $13,720,095.68
NJ  54 $10,537,699.32

 

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