Mortgage Industry Advisory Corp. (MIAC) is facilitating the sale of Ginnie Mae, Fannie Mae and Freddie Mac mortgage servicing portfolio with unpaid principal balance of about $74 million.
The portfolio is being offered by a mortgage company that originates loans with a Utah concentration.
About 46% of the portfolio is Fannie Mae loans; about 46% is Ginnie Mae loans; and about 8.12% is Freddie Mac loans.
The average loan size is $234,459. The average weighted interest rate is 3.816%. About 4.44% of the loans are delinquent. the average FICO score is 714.
About 30% was originated via retail channels while about 70% was originated via wholesale.
