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
For over 30 years, MIAC has been a leading broker in the servicing and whole loan market. We leverage this extensive experience to deliver efficient and secure whole loan sales for our clients. MIAC goes beyond simply finding buyers; we find the right buyers.
For further information or inquiries regarding our whole loan sales, interested parties can contact their designated MIAC representative at (212) 233-1250.
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 »