Three potential deals have come on the secondary market for investors to pick up TRID kickbacks, agency loans and jumbo mortgages.
One of the offerings includes 10 residential loans for $1.8 million that were kicked back by investors. The seller is a large non-bank originator.
Two of the loans were kicked back due to TRID-related issues, while another three were kicked back because of appraisal concerns.
The loans are being sold service-released, according to
Mortgage Industry Advisory Corp., which announced all of the available deals.
The average FICO is 719, and none of the loans are delinquent.
Interested parties should contact Brendan Teeley at 212.233.1250 X281 or [email protected].
A large credit union is marketing a $12.5 million portfolio of Qualified Mortgages underwritten to Fannie Mae guidelines.
The loans, which are being sold servicing-released, are being priced
at a discount to screen. The weighted-average coupon is in the “high 2’s.”
Bids are due by June 15, and the deal could turn into a flow arrangement.
A third offering
is for $34 million in jumbo loans, though the transaction is servicing-retained with a 25-basis-point servicing fee.
The seller is described as a “large credit union.”
MIAC said the loans are Fannie- and QM-compliant.
The WAC is in the high twos, and the deal is priced at a discount to screen.
Bids, which are being accepted on either of two pools involved, are due by
June 15. This deal could also turn into a flow relationship.
Teeley is the contact listed for all three offerings.
