A bulk offering of mortgage-servicing rights on government-sponsored enterprise originations includes rights on more than $1.4 billion in loans.
MSRs on Fannie Mae and Freddie Mac mortgages with an aggregate outstanding principal balance of $1.45 billion are being offered for sale.
A majority of the loans were originated through the retail channel. Properties securing two-thirds of the loans are in Texas and Colorado.
Incenter Mortgage Advisors LLC, the exclusive broker for the seller, announced the offering on Friday.
On a weighted-average basis, the note rate is 4.15 percent.
Thirty-year fixed-rate mortgages account for 86 percent of the pool.
The seller is “a substantial non-bank mortgage banking entity with strong senior leadership experienced in all facets of mortgage banking including regular sales of bulk MSRs,” IMA said.
Cenlar is the subservicer.
Bids are due by Jan. 24.
Interested parties can contact Incenter Mortgage Advisors Managing Director Thomas M. Piercy at
303.302.9234 or [email protected].
