201366 Offering Memorandum The Whole Loan Desk at MIAC is offering 98 NPLs as described below. Seller is a Bank Client, whom MIAC has sold for in the past. Top Three States: FL (18), MD (17), NY (11) $330,000 AV UPB 3.847% WAC 1.08 WA LTV 3365 WA Age 982 WA Delinquency Total MI Amount: $18,822,592.44… Read more »
Whole Loan Opportunities
Jumbo Service Retained Sale 201379
201379 Offering Memorandum Seller is a large Credit Union seeking to sell as a loan level, bulk and potentially a flow arrangement, the total of both pools. Bids will be accepted on each pool separately. $34mm total UPB. The Sale must be a Service Retained Sale, with a 25bps servicing fee. The Loans are underwritten… Read more »
Jumbo Service Released Sale 201381
201381 Offering Memorandum Seller is a large Credit Union seeking to sell as a Loan Level and bulk and potentially a flow arrangement. Bids will be accepted on each loan separately. $12.5mm total UPB. The Loans are sold Service Released The Loans are underwritten to Fannie Mae Guidelines QM Compliant Geographically Diverse New Origination, <12… Read more »
$189mm of Performing First Lien HELOC – 201365
201365 Offering Memorandum Bank Seller has engaged the Whole Loan Desk at MIAC for the sale of this next tranche of 513 Performing First Liens. 85% of the Loans are frozen for future withdrawals, essentially making them 1 Month ARMs that amortize for the next 240 months. 740 FICO 3.02% GWAC $382,000 AV UPB [servicebox… Read more »
$25mm Mixed Performing Puerto Rico Loans – 201289
201289 Offering Memorandum Being Offered for Service Released sale is a Whole Loan Portfolio consisting of 455 First Lien, Residential Mortgages, with a GWAC of 7.33%. The performance of the loans range from NPL to current, the unique opportunity is the data available MIAC his as a near complete performance history of the 10 year… Read more »
$4.5mm Loan Level Sale of Jumbo TRID Agency Kicks – 201327
201327 Offering Memorandum The Seller is a long term MIAC client whom we sell for frequently, this is their first round of TRID loans. Late 2015 Origination dates. Loan Level Bids Due 2/17/16, End of Business [table width =”100%” style =”table-striped table-bordered table-hover” responsive =”true”] [table_head] [th_column]State[/th_column] [th_column]UPB[/th_column] [th_column]Loan Count[/th_column] [th_column]Program[/th_column] [th_column]UPB[/th_column] [th_column]Loan Count[/th_column] [/table_head]… Read more »
Credit Union Participation Sale – 201319
MIAC’s Whole Loan Desk is pleased to offer a Whole Loan Portfolio with Credit Union Participation. Seller is Credit Union located in the North East United States, with a portfolio of 1-4 Unit, Investment Property Business Loans. Not subject to the CFPB. These loans are perfectly performing with full documentation of the Borrowers. The opportunity… Read more »
$29mm Mixed, Seasoned, Performing, Residential – 201234
201234 Exclusive Offering Memorandum MIAC is pleased to announce an Exclusive Engagement to Sell a Performing, Seasoned, First Lien Pool of Residential Mortgages Servicing Released. Bid date is the second week of February 2016. Seller is a Large, Regional Bank located in the South East United States. The loans were originated via internal production as well as… Read more »
$295mm, 874 First Lien HELOC Offering – 201233
Bid date: February 26, 2016 5:00 PM EST The Seller is a large Foreign Bank that through the early/mid 2000s originated a First HELOC loan program via brokerage and retail channels. The average Loan Age is 10 years. The performing population has a GWAC of approximately 2.90%; or 2.99% with updated, current interest rates. The… Read more »
Performing, S&D Loan Sale – 201307
201307 Offering Memorandum Seller is a Large, Non-Bank Originator whom we have sold for in the past. Loan Level Bids are due 12-30-15 at 4 pm EST These are Agency Fall Out, Performing loans, the full details are available on the tape provided through the NDA. [table width =”100%” style =” table-hover” responsive =”true”] [table_head]… Read more »