Bid Date: 4/25/2017 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 $520 Million FNMA/FHLMC/GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a West Coast Concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $264,315 Average Loan Size
- 89.73% Fixed Rate and 10.27% ARM
- 30.81% FNMA A/A, 39.42% FHLMC Gold and 29.77% GNMA II
- Weighted average interest rate of 4.217%
- Weighted average delinquency rate of 2.29%
- Weighted average loan Age of 11 months
- Weighted average FICO of 710
- 100% Retail
- West Coast Concentration
Sale and Transfer Date: Seller would prefer a Sale Date of May 31st, 2017 or before. Portfolio transfer date will be subject to investor approval and sub-servicer transfer timelines.
Interested parties should contact their MIAC representative with any questions on the portfolio sale.
Contact:
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
Visit our website and learn more about MIAC Asset Sales and Advisory.
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