MIAC Analytics is marketing a significant mortgage servicing rights portfolio consisting of $292.91 million. This includes Fannie Mae, Freddie Mac, and Ginnie Mae servicing rights.
The portfolio features an average loan size of $343,383 and is comprised of 42% Fannie Mae, 28% Freddie Mac, and 29% Ginnie Mae mortgages.
The weighted average interest rate for the portfolio stands at 7.013% coupled with a 2.93% average delinquency rate, indicating a fairly stable loan performance.
Notably, the portfolio's mortgages have seasoned for an average of five months, with a strong weighted average FICO score of 744 reflecting quality borrowers.
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