Bid Date: 2/7/2017 5:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $780 Million GNMA mortgage servicing portfolio. The portfolio is being offered by a mortgage company that originates loans with a national geographic footprint. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $117,617 Average Loan Size
- 100% Fixed Rate
- 16.74% GNMA l and 83.26% GNMA ll
- Weighted average interest rate of 5.103%
- Weighted average delinquency rate of 8.34%
- Weighted average loan Age of 19 months
- Non-Zero weighted average FICO of 631
- 91.4% Retail and 8.6% Wholesale
- National geographic footprint
Interested parties should contact their MIAC representative 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.
Share this Post
