Mortgage servicing rights on a portfolio of more than $0.3 billion in agency loans are on the market.
A mortgage firm that originates loans across the country is offering the MSRs on approximately 1,371 Fannie Mae loans.
The successful bidder will receive full representations and warranties on the loans in the offering from the seller.
Mortgage Industry Advisory Corp., which is acting as the exclusive representative for the seller, said in an announcement that all of the loans are fixed-rate, FNMA-A/A loans.
The sale involves MSRs on $345.94 million in residential loans.
Each of the full-documentation loans was originated through the retail channel.
The weighted average interest rate is 3.965 percent, and the weighted-average loan age is seven months.
The pool is concentrated in California.
None of the mortgages are delinquent.
Interested parties should contact Dan Thomas at [email protected] or telephone him at 212.233.1250 x240.
Loan-level data will be provided after a confidentiality agreement is executed.
The bid date is Oct. 8.
