Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $95 million of Seasoned, GNMA Non-Performing Whole loans. The seller was a large non-bank originator with a national footprint. The loans were sold service released with the Seller receiving interest advances, corporate and escrow advances.
Investment Opportunity:
- Collateral Type: Insured, Non-Performing, GNMA
− FHA 70%
− VA 27%
− USDA 3%
- October 2021 Settlement
- Average UPB: $231,349
- WAC: 4.55%
- Loan Count: 411
- Top Geography:
State | Count | UPB |
CA | 128 | $38,816,245.79 |
MI | 43 | $7,650,860.86 |
OR | 25 | $6,509,221.57 |
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