Mortgage servicing rights on more than $500 million in agency conventional loans are up for grabs. The loans are concentrated in one state.
Bids are being accepted for MSRs on a pool of loans that are owned or guaranteed by Fannie Mae and Freddie Mac.
All of the residential loans are fixed-rate, full-documentation mortgages, and they were all originated through the retail channel.
The pool includes around 1,892 loans with an aggregate balance of $509 million.
Freddie Mac Gold loans account for 52 percent of the pool, while the rest are Fannie Mae “A/A.”
The weighted-average delinquency rate is 0.11 percent, and the weighted-average interest rate is 4.339 percent. The weighted -average seasoning is three months.
Mortgage Industry Advisory Corp., which is the exclusive representative for the seller — a mortgage company that originates loans across a national geographic footprint — said that there is a geographic concentration in California.
The bid date is Jan. 27.
Inquiries should be directed to [email protected].
