MIAC Facilitating Flow Servicing Deal Delivering $50M Per Month

Mortgage Industry Advisory Corp. (MIAC) is facilitating the sale of a portfolio of mortgage servicing rights (MSRs) delivering $50 million or more per month of concurrent flow.

The flow servicing is being offered by a well-capitalized bank that originates nationally.

The portfolio is all fixed loans, with an average loan size of $244,503 and an average FICO score of 752. The loans were originated between Feb. 1, 2012, and Jan. 31, 2014. About 0.20% of the conventional loans and about 1.97% of the government loans are 30-plus days delinquent.

About 54% of the portfolio is Ginnie Mae loans, while about 43% is Fannie Mae and 3.4% is Freddie Mac.

MIAC reports that the seller is looking to enter into a 12- to 18-month future flow delivery, with a minimum six-month commitment.

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