Bid Date: 9/14/2017 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 $424 Million Ginnie Mae 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:
  • $224,461 Average Loan Size
  • 99.74% Fixed Rate and 0.26%ARM Loans
  • 0.11% GNMA I
  • 99.89% GNMA II
  • Weighted average interest rate of 4.107%
  • Weighted average delinquency rate of 6.41%
  • Weighted average loan Age of 19 months
  • Weighted average FICO of 655
  • 100% Retail

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 (212) 233-1250 x240

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

Mike Carnes, Managing Director, Capital Markets Group (212) 233-1250 x327

Visit our website and learn more about MIAC Asset Sales and Advisory.