Bid Date: 06/15/2016 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 $299 million Agency / Government Servicing Offering. The portfolio is being offered by a mortgage company that originates loans with a geographic concentration in Texas. The Seller will be providing full representations and warranties for the loans included in this offering.

Key portfolio characteristics include:
  • $181,814 Average Loan Size
  • 99.86% Fixed Rate
  • 62.15% FNMA_A/A, 0.58% FHLMC_ARC and 37.28% GNMA_II
  • Weighted average interest rate of 4.379%
  • Weighted average delinquency rate of 2.79%
  • Weighted average loan Age of 11 months
  • Weighted average FICO of 708
  • 100% Retail
  • Geographical concentration in Texas


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

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