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MIAC Offers $586 Million of Servicing Portfolios
Jun 30, 2009The Mortgage Industry Advisory Corp. (MIAC) offered two bulk mortgage servicing portfolios worth a combined $586m. The smaller portfolio — a $250m GNMA mortgage servicing portfolio — consists entirely of fixed-rate, owner-occupied loans at an average size of $161,805. The loans comprising the portfolio are significantly distressed, with 11.04% of the loans 30 days delinquent. Another 3.16% of the loans are 60 days delinquent, 1.29% are 90 days delinquent and 2.32% are in foreclosure, according to MIAC’s data.
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M&I Pushes 10 Months of Moratorium
Jun 26, 2009 -
Post-Moratorium Foreclosure Sales Surge
May 13, 2009 -
Delinquencies and Defaults Up, Up and Away
Apr 22, 2009 -
Mortgage Assistance Guarantee: Hook, Line, or Sinker?
Apr 07, 2009 -
Second-Home Sales Fall; More Buyers Pay Cash
Mar 31, 2009 -
Commercial/Multifamily Mortgage Debt Grows in Q4: MBA
Mar 24, 2009 -
Freddie Mac Rolls out REO Rentals, Halts Evictions Again
Mar 05, 2009 -
Obama Modification Plan Rolls Out
Mar 04, 2009
