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