Bid Date: 05/11/2016 2:00 PM EST

Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $268.75 million FNMA mortgage servicing portfolio.

The portfolio is being offered by a mortgage company that originates loans with a geographic concentration in Illinois. The Seller will be providing full representations and warranties for the loans included in this offering.

Key portfolio characteristics include:
  • $148,478 Average Loan Size
  • 99.97% Fixed Rate
  • 100% FNMA_A/A
  • Weighted average interest rate of 4.181%
  • Weighted average delinquency rate of 0.33%
  • Weighted average loan Age of 37 months
  • Weighted average FICO of 752
  • 100% Retail
  • Geographic concentration in Illinois


Dan Thomas, Managing Director, Client Solutions Group (212) 233-1250 x240

Steve Harris, Managing Director, MIAC Capital Markets (212) 233-1250 x212