buy Loans|Home Equity
Opportunity Summary
Filters
| Question | Their Response |
|---|---|
| ID# | 10010 |
| Opportunity to | Buy Loans |
| Loan Category | Home Equity |
| Loan Type | Home Equity Lines of Credit |
| Trade Structure Options | Whole Loans |
| Operational Servicer Options | Seller or Their Contract Servicer, Buyer or Their Contract Servicer |
| Legal Servicing Rights Options | Retained, Released |
| Trade Repeatability Options | One Time Trade, Repeat Trades |
| Trade Consistency Options | Flow, Ad Hoc |
| Minimum Ad Hoc Trade Amount | $ 2,000,000 |
| Maximum Ad Hoc Trade Amount | $ 10,000,000 |
| Minimum Monthly Flow Volume | No Minimum |
| Maximum Monthly Flow Volume | $ 2,000,000 |
| Flow Forward Commitment Options | Without a Forward Commitment |
| Flow Frequency Options | Daily, Weekly, Biweekly |
| Flow Delivery Options | Loan by Loan |
| Can Buyer Carve? | Yes |
| Eligible States | Minnesota, Wisconsin |
| Can Buyer Carve Geographically? | No |
| Performance Categories | Performing |
| Can Buyer Carve for Performance? | No |
| Required Performance Categories | Performing |
| Company Type | Bank |
| Eligible Counterparties | Bank, Credit Union, Insurance Company |
Underwriting
| Question | Their Response |
|---|---|
| Minimum Credit Score |
700
|
| Maximum Loan to Value |
89.9%
|
| Maximum Debt Ratio |
45%
|
| Origination Channels | Thru Third Party Originators |
| Seasoning Buckets | New 3-24 months |
| Rate Types | Variable |
| Occupancy Types | Primary Second Home |
| Property Types | Single Family Condo Warrantable PUD |
| Income Types | Full |
| Purpose Types | Purchase Refinance |
Statistics
| Question | Their Response |
|---|---|
| Statistics Provided | Representative Statistics |
| Average Loan Amount | $ 59,500 |
| Weighted Average Coupon | N/A |
| Weighted Average Credit Score | 743 |
| Weighted Average Debt Ratio | 34 % |
| Weighted Average Loan to Value | 84 % |
Deadlines
| Question | Their Response |
|---|---|
| Bid Deadline | No Deadline |
| Closing Deadline | No Deadline |
Public Notes
| Question | Their Response |
|---|---|
| Public Notes |