MIAC Analytics is handling the sale of a $292.91 million Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights portfolio with $292.91 million in unpaid principal balance.
The portfolio is being offered by a mortgage company that originates loans with a concentration in California.
The number of loans was not specified. They are of recent vintage.
The portfolio consists of 42% Fannie Mae, 29% Ginnie Mae and 28% Freddie Mac loans.
The average loan size of the portfolio is $343,383. The weighted average interest rate is 7.013%.
The weighted average delinquency rate is 2.93%, the weighted average loan age is 5 months, and the weighted average FICO is 744.
The Seller will be providing full representations and warranties for the loans included in this offering.
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