Mortgage Industry Advisory Corp. as exclusive representative of an unnamed West Coast mortgage company is offering for sale
According to MIAC, the seller has “a strong reputation for originating high-quality loans” and will be providing full representations and warranties. The retail home loans that comprise the portfolio all have full documentation.
The portfolio’s average loan size is $254,172, its weighted average loan age is seven months and its weighted average interest rate is 3.793%.
Bids are due at 5 p.m. Eastern on Aug. 21.