Bid Date: 3/14/2019 5:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as the exclusive representative for the Seller, is pleased to offer for your review and consideration a $315.25 million Ginnie Mae, Fannie Mae, and Freddie Mac mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a California concentration.
The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $271,536 Average Loan Size
- 26.27% FHLMC Gold
- 29.63% GNMA II
- 44.10% FNMA A/A
- Weighted average interest rate of 5.145%
- Weighted average delinquency rate of 2.33%
- Weighted average loan Age of 4 months
- Weighted average FICO of 702
- 100% Retail
Percentages above are represented as % of loan count
Interested parties should contact their MIAC representative at (212) 233-1250 with any questions on the portfolio sale.
Dan Thomas, Managing Director, Client Solutions Group
Dan.Thomas@miacanalytics.com (212) 233-1250 x240
Steve Harris, Managing Director, MIAC Capital Markets
Steve.Harris@miacanalytics.com (212) 233-1250 x212
Mike Carnes, Managing Director, Capital Markets Group
Mike.Carnes@miacanalytics.com (212) 233-1250 x327