Bid Date: 02/21/2018 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 $773.13 Million FNMA / FHLMC / GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a New York concentration. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $181,357 Average Loan Size
- 99.91% Fixed Rate and 0.09%ARM Loans
- 63.19% GNMA Loans
- 28.88% FNMA Loans
- 7.93% FHLMC Loans
- Weighted average interest rate of 3.870%
- Weighted average 60+ delinquency rate of 5.01%
- Weighted average loan age of 20 months
- Weighted average FICO of 712
- Weighted average CLTV of 87.15
- Weighted average Original LTV of 90.84
- 100% Retail
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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