Bid Date: 2/12/2021 12:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $860.08 million Fannie Mae, Freddie Mac, and FHLB-NY (MPF) 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:
- $144,770 Average Loan Size
- 83.76% FNMA
- 15.03% FHLB
- 1.21% FHLMC
- Weighted average interest rate of 4.083%
- Weighted average delinquency rate of 3.97%
- Weighted average loan Age of 105 months
- Weighted average FICO of 756 (excludes null values)
- Weighted average FICO of 733 (includes null values)
Interested parties should contact their MIAC representative at (212) 233-1250 with any questions on the portfolio sale.
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