Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $61.4 million of Seasoned, GNMA Non-Performing Whole loans. The seller was a large non-bank originator with a national footprint. The seller received par, plus all advances, including interest.

Investment Opportunity:

  • Collateral Type: Insured, Non-Performing, GNMA
−  FHA 72%
−  VA 28%
  • November 2021 Settlement
  • Average UPB: $223,541
  • WAC: 4.12%
  • Loan Count: 275
  • Top Geography:
State Count UPB
CA 70 $21,644,704.35
LA 35 $6,747,958.66
OR 18 $5,193,888.80
MI 29 $4,911,701.97

 

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