Mortgage servicing rights on more than $200 million in Federal National Mortgage Association loans are available to the highest bidder.
The offering is for MSRs on 1,007 Fannie Mae loans for $202 million as of March 31 of this year.
On a weighted-average basis, the interest rate is 4.116 percent, the service fee is 0.250 percent and the remaining term is 299 months.
Interactive Mortgage Advisors
LLC, the exclusive agent for the seller, announced the offering.
The original term is 314 months on a weighted-average basis, while the loan age is 15 months.
None of the loans are delinquent, and all were originated through the retail channel.
Ninety-three percent are owner-occupied.
Florida is the location of properties backing 17 percent of the loans.
The final bid date is May 14. The seller wants to close on a sale by June 30.
Interested parties can call 303.830.0377.
