201234 Exclusive Offering Memorandum
MIAC is pleased to announce an Exclusive Engagement to Sell a Performing, Seasoned, First Lien Pool of Residential Mortgages Servicing Released. Bid date is the second week of February 2016.
Seller is a Large, Regional Bank located in the South East United States. The loans were originated via internal production as well as correspondent relationships. The GWAC of this pool is 3.7%, there is a variance from 2% to 7% based upon program type. They are typically 2012-13 Originated loans. Loans are insured as appropriate.
Portfolio summary:
- $28mm of First Lien Residential Mortgages
- 161 units
- Seasoned
- Performing
- 3.7% GWAC
Please see the Strats below, for additional details.
[table width =”100%” style =” table-hover” responsive =”true”]
[table_head]
[th_column]Loan Type[/th_column]
[th_column]UPB[/th_column]
[th_column]Loan Count[/th_column]
[th_column]% of the pool[/th_column]
[/table_head]
[table_body]
[table_row]
[row_column]Conventional with PMI[/row_column]
[row_column] $ 4,589,387.23 [/row_column]
[row_column] 24 [/row_column]
[row_column]15.95%[/row_column]
[/table_row]
[table_row]
[row_column]Conventional without PMI[/row_column]
[row_column] $ 19,794,014.90 [/row_column]
[row_column] 105 [/row_column]
[row_column]68.78%[/row_column]
[/table_row]
[table_row]
[row_column]Farm Loan[/row_column]
[row_column] $ 778,708.03 [/row_column]
[row_column] 6 [/row_column]
[row_column]2.71%[/row_column]
[/table_row]
[table_row]
[row_column]FHA Residential[/row_column]
[row_column] $ 1,945,232.41 [/row_column]
[row_column] 16 [/row_column]
[row_column]6.76%[/row_column]
[/table_row]
[table_row]
[row_column]Second Mortgage; Commercial W/O PMI[/row_column]
[row_column] $ 211,374.63 [/row_column]
[row_column] 2 [/row_column]
[row_column]0.73%[/row_column]
[/table_row]
[table_row]
[row_column]VA Residential[/row_column]
[row_column] $ 1,460,065.42 [/row_column]
[row_column] 8 [/row_column]
[row_column]5.07%[/row_column]
[/table_row]
[table_row]
[row_column]Grand Total[/row_column]
[row_column] $ 28,778,782.62 [/row_column]
[row_column] 161 [/row_column]
[row_column]100%[/row_column]
[/table_row]
[/table_body]
[/table]
[table width =”100%” style =” table-hover” responsive =”true”]
[table_head]
[th_column]State[/th_column]
[th_column]UPB[/th_column]
[th_column]Average UPB[/th_column]
[th_column]Count of Loans[/th_column]
[/table_head]
[table_body]
[table_row]
[row_column]AL[/row_column]
[row_column]$ 810,036.63 [/row_column]
[row_column]$ 202,509.16 [/row_column]
[row_column] 4 [/row_column]
[/table_row]
[table_row]
[row_column]FL[/row_column]
[row_column]$ 857,808.51 [/row_column]
[row_column]$ 214,452.13 [/row_column]
[row_column] 4 [/row_column]
[/table_row]
[table_row]
[row_column]GA[/row_column]
[row_column]$ 7,395,218.80 [/row_column]
[row_column]$ 147,904.38 [/row_column]
[row_column] 50 [/row_column]
[/table_row]
[table_row]
[row_column]LA[/row_column]
[row_column]$ 217,948.46 [/row_column]
[row_column]$ 217,948.46 [/row_column]
[row_column] 1 [/row_column]
[/table_row]
[table_row]
[row_column]MD[/row_column]
[row_column]$ 335,617.64 [/row_column]
[row_column]$ 335,617.64 [/row_column]
[row_column] 1 [/row_column]
[/table_row]
[table_row]
[row_column]MS[/row_column]
[row_column]$ 201,364.54 [/row_column]
[row_column]$ 201,364.54 [/row_column]
[row_column] 1 [/row_column]
[/table_row]
[table_row]
[row_column]NC[/row_column]
[row_column]$ 6,746,136.30 [/row_column]
[row_column]$ 192,746.75 [/row_column]
[row_column] 35 [/row_column]
[/table_row]
[table_row]
[row_column]OH[/row_column]
[row_column]$ 455,304.87 [/row_column]
[row_column]$ 227,652.44 [/row_column]
[row_column] 2 [/row_column]
[/table_row]
[table_row]
[row_column]OK[/row_column]
[row_column]$ 79,910.15 [/row_column]
[row_column]$ 79,910.15 [/row_column]
[row_column] 1 [/row_column]
[/table_row]
[table_row]
[row_column]PA[/row_column]
[row_column]$ 143,198.64 [/row_column]
[row_column]$ 143,198.64 [/row_column]
[row_column] 1 [/row_column]
[/table_row]
[table_row]
[row_column]SC[/row_column]
[row_column]$ 9,788,469.33 [/row_column]
[row_column]$ 199,764.68 [/row_column]
[row_column] 49 [/row_column]
[/table_row]
[table_row]
[row_column]TN[/row_column]
[row_column]$ 981,830.64 [/row_column]
[row_column]$ 122,728.83 [/row_column]
[row_column] 8 [/row_column]
[/table_row]
[table_row]
[row_column]TX[/row_column]
[row_column]$ 470,623.07 [/row_column]
[row_column]$ 235,311.54 [/row_column]
[row_column] 2 [/row_column]
[/table_row]
[table_row]
[row_column]VA[/row_column]
[row_column]$ 295,315.04 [/row_column]
[row_column]$ 147,657.52 [/row_column]
[row_column] 2 [/row_column]
[/table_row]
[table_row]
[row_column]Grand Total[/row_column]
[row_column]$ 28,778,782.62 [/row_column]
[row_column]$ 178,750.20 [/row_column]
[row_column] 161 [/row_column]
[/table_row]
[/table_body]
[/table]
210234 Loan Strat Download
[servicebox icon=”glyphicon-pencil” icontype=”glyphicon” icon_size=”40″ iconbg_size=”100″ iconbg_radius=”20″ margin_bottom=”10″ margin_top=”5″ iconbgcolor=”#FFFFFF” iconcolor=”#777777″ headingtype=”” readmorestyle=”default”]Execute NDA to Receive Loan Tape[/servicebox]
Brendan Teeley
Vice President Whole Loan Sales, Trading
Mortgage Industry Advisory Corporation
521 5th Avenue, 9th Floor
New York, NY 10175
212-233-1250 x 281
317-531-5297 Mobile
brendan.teeley@miacanalytics.com
Data contained herein was provided by the seller as of 01/04/2016. Seller has represented that the information is reliable, however this does not constitute a guarantee, representation or warranty, expressed or implied, as to the accuracy or completeness of the information. The data contained is not intended to be a comprehensive summary of the all aspects of the offer of sale. Prospective buyers should conduct their own review and analysis of the data and other information described herein. This presentation of this offering document does not constitute a recommendation of the offering or a determination of its appropriateness for specific purchasers.
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