Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $53.5 million of Seasoned, Performing, Credit Union loan participation. The seller was a large credit union with a North East US footprint. The loans were being sold on a 90/10 participation basis. Investment Opportunity: Collateral Type: 100% conventional October 2021 Settlement Average… Read more »
Whole Loan Opportunities
$217 Million FHA Insured EBO Whole Loan Sale – 701185
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $217 million of Seasoned, GNMA Non-Performing Whole loans. The seller was a large non-bank originator with a national footprint. The Seller received all advances, including interest paid to the bond holders. Investment Opportunity: Collateral Type: Insured, Non-Performing, GNMA − FHA 72% − … Read more »
$55.1 Million Conventional Credit Union Participation Loan Sale – 701153
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $55.1 million of Seasoned, Performing, Credit Union loan participation. The seller was a large credit union with an East Coast footprint. The loans were sold on a 90/10 participation basis for a premium price. Investment Opportunity: Collateral Type: 100% Conventional September 2021… Read more »
$57 Million Scratch and Dent Whole Loan Sale – 701165
Bid Date: August 19, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $57 mm of non-bank originated, scratch and dent loans. Investment Opportunity: Current UPB: $57,056,023 Average UPB: $310,087 WAC: 3.683% Loan Count: 184 Find out more Learn more about MIAC Whole Loan Sales & Brokerage Contact For more information about… Read more »
$27 Million New Origination Jumbo Whole Loan Sale – 701155
Bid Date: July 8, 2021 2:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $27 million of new production, Jumbo Mortgages. The seller is a large non-bank with a large net worth. Investment Opportunity: Collateral Type: New Origination, Jumbo Fixed Rate Mortgages Current UPB: $26,947,669 Average UPB: $869,279.65 WAC: 3.120%… Read more »
$2.2 Million Mixed Performance Residential Whole Loan Sale – 701151
Bid Date: June 1, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $2.2 million of mixed performance, conventional loans. The seller is a large non-bank originator who has previously held and serviced these loans in portfolio. Investment Opportunity: 90% Performing, 10% Seriously Delinquent Current UPB: $2,211,000 Average UPB: $315,000… Read more »
$14.7 Million Mixed Performance Residential Whole Loan Sale – 701145
Bid Date: June 25, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $14.7 million of mixed performance, GNMA and conventional loans. The seller is a large non-bank. Bids are due by Friday, 6/25/2021, with settlement no later than the first week of August 2021. Investment Opportunity: Collateral Type: 65%… Read more »
$173 Million FHA Insured EBO Whole Loan Sale – 701141
Mortgage Industry Advisory Corporation (MIAC) is pleased to announce the successful settlement of $173 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… Read more »
$280 Million Non-QM Whole Loan Sale – 701141
Bid Date: April 23, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $280 million of GNMA EBO loans. The seller is a large non-bank. Investment Opportunity: Collateral Type: GNMA EBOs Current UPB: $280,246,651.02 Average UPB: $164,657.26 WAC: 4.050% Loan Count: 1702 Find out more Learn more about MIAC Whole Loan… Read more »
$9.1 Million Fix and Flip Whole Loan Sale – 701163
Bid Date: April 22, 2021 5:00 PM EST Mortgage Industry Advisory Corporation (MIAC) is pleased to offer $9.1 million of newly originated fix and flip mortgages secured by residential property. These 1-year terms are made to non-owner borrowers as business purpose loans. Investment Opportunity: 58% Performing, 42% Seriously Delinquent Current UPB: $9,120,000 Average UPB:… Read more »