Two mortgage servicing portfolios with agency loans totaling more than $0.5 billion are for sale.
The first portfolio includes $485 million in Fannie Mae mortgages, Denver-based MountainView Servicing Group announced Wednesday.
Almost all of the loans are fixed-rate, and most are backed by Illinois properties.
On a weighted-average basis, interest rates are 4.67 percent, FICO scores are 761 and servicing fees are 0.30 percent.
The second offering is a $45 million Ginnie Mae servicing portfolio.
All of the loans are fixed-rate, and 79 percent of the loans are concentrated in California. The weighted-average average interest rate is 5.43 percent, while the weighted-average age is 1.8 months and the weighted-average servicing fee is 0.37 percent.
The seller on the second portfolio is interested in establishing a Ginnie flow relationship.
Bids for either portfolio should be submitted by Sept. 7.
