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