$55.1 Million Conventional Credit Union Participation Loan Sale – 701153

Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $55.1 million of Seasoned, Performing, Credit Union loan participation. The seller was a large credit union with an East Coast footprint. The loans were sold on a 90/10 participation basis for a premium price.

Investment Opportunity:

  • Collateral Type: 100% Conventional
  • September 2021 Settlement
  • Average UPB: $599,063
  • WA Current FICO: 784
  • WAC: 2.688%
  • Loan Count: 92
  • Top Geography:
State Count UPB
NY 24 $12,734,440.61
VA 13 $8,047,383.65
MA 8 $7,694,414.63

Find out more

Learn more about MIAC Whole Loan Sales & Brokerage

Contact

For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250

Steve Harris
Managing Director, MIAC Capital Markets
(908) 400-2615
Steve.Harris@miacanalytics.com

Brendan Teeley
SVP, Whole Loan Sales, Trading
(646) 315-9221
Brendan.Teeley@miacanalytics.com