Whole Loan Trading

Whole Loan Trading

  • Scratch and Dent Loans
  • Seasoned Portfolios
  • Delinquent Government Loans
  • CRA Loans
Mid America Mortgage, Inc. specializes in purchasing closed loans that traditional correspondent investors may not fund due to overlays or minor compliance issues. We offer a competitive alternative to “scratch and dent” loan sales. Mid America can bid loans within 24 hours and purchase in as little as two weeks from submission of a loan package.

Why Use Our Services?

  • Ability to quickly liquidate loans aging on your warehouse or held in portfolio
  • Competitive pricing aligned with risk
  • Single loan or bulk packages
  • Reasonable due diligence process focused on fundamental credit decisions
  • Timely and consistent purchase timelines
  • Limited impact to consumer as loans are serviced by Mid America Mortgage, Inc.

Types of Loans We Purchase

Non-Performing Government Insured:

  • Delinquent and Seriously Delinquent loans
  • Early Payment Defaults (EPD)
  • Ginnie Mae buyouts
  • Modified loans are ineligible
Performing Government Insured / Guaranteed:

  • Performing FHA, VA, USDA, and 203k (repairs complete)
  • No Overlays to agency guidelines
  • Inaccurate MIP or VA guaranty shortfall
  • TRID or other minor compliance issues
  • New production or seasoned
  • CRA Portfolios
  • Fixed Rate only
Performing Conventional – Conforming:

  • Fixed Rate and standard ARM plans
  • No overlays to agency guidelines
  • TRID and other minor compliance issues
  • Must meet agency underwriting guidelines
  • Seasoned Portfolios
  • Repurchased loans ineligible

Email the Trade Desk