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 to Fannie Guidelines
- QM Compliant
- Geographically Diverse
- New Origination, <12 WALA
- High 2’s WAC, Depending upon Product
- Priced at a discount to screen
- Performing 0x30
- Owner Occupied 99%
Bids are due June 15th 12:00pm EST
[servicebox icon=”glyphicon-pencil” icontype=”glyphicon” icon_size=”40″ iconbg_size=”100″ iconbg_radius=”20″ margin_bottom=”10″ margin_top=”5″ iconbgcolor=”#FFFFFF” iconcolor=”#777777″ headingtype=”” readmorestyle=”default”]Execute NDA to Receive Loan Tape[/servicebox]
Vice President Whole Loan Sales, Trading
Mortgage Industry Advisory Corporation
521 5th Avenue, 9th Floor
New York, NY 10175
212-233-1250 x 281
Data contained herein was provided by the seller as of 06/01/2016. Seller has represented that the information is reliable, however this does not constitute a guarantee, representation or warranty, expressed or implied, as to the accuracy or completeness of the information. The data contained is not intended to be a comprehensive summary of the all aspects of the offer of sale. Prospective buyers should conduct their own review and analysis of the data and other information described herein. This presentation of this offering document does not constitute a recommendation of the offering or a determination of its appropriateness for specific purchasers.