Bid Date: 05/09/2018 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 $74 million Ginnie Mae, Fannie Mae, and Freddie Mac mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a Utah concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $234,459 Average Loan Size
- 96.73% Fixed Rate and 3.27% ARM
- 8.12% FHLMC ARC
- 46.15% FNMA A/A
- 45.74% GNMA II
- Weighted average interest rate of 3.816%
- Weighted average delinquency rate of 4.44%
- Weighted average loan Age of 19 months
- Weighted average FICO of 714
- 29.52% Retail, 70.16% Wholesale
Interested parties should contact their MIAC representative at (212) 233-1250 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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