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