Bid Date: 03/28/2019 5:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $341.58 million Ginnie Mae mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a Midwest concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $173,746 Average Loan Size
- 100% GNMA II
- Weighted average interest rate of 4.263%
- Weighted average delinquency rate of 7.48%
- Weighted average loan Age of 21 months
- Weighted average FICO of 672
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