MIAC Analytics is handling the sale of a Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights (MSR) portfolio with unpaid principle balance of about $5.16 billion.
The portfolio is being offered by a mortgage company that originates loans with a concentration in California.
The seller will be providing full representations and warranties for the loans included in the offering.
The average loan size for the portfolio is $270,292.
About 53.33% of the portfolio is Fannie Mae loans while 42.78% is Freddie Mac and 3.89% is Ginnie Mae.
The weighted average interest rate is 5.309% and the weighted average delinquency rate is 4.12%.
The weighted average loan age is 50 months. The weighted average FICO is 742.
Photo: Pepi Stojanovski