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.


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.