The servicing rights on more than $1.5 billion in government-sponsored enterprise mortgages are on the market for sale.
Mortgage servicing rights are being sold on
8,005 residential loans with an aggregate principal balance of $1.5338 billion.
Texas is the location of 62 percent of the properties that are backing the loans. Another 16 percent are located in Colorado.
No other state has a double-digit share in
the offering, which was announced by Interactive Mortgage Advisors LLC, the exclusive agent for the seller.
FNMA A/A loans account for $1.0225 billion of the offering, while $0.4999 billion are FNMA mortgage-backed securities and $0.0115 billion are FNMA MRS loans.
On a weighted-average basis, the service fee is 0.2537 percent, the original term is 325.4 months and the remaining term is 301.7 months.
The weighted-average interest rate is 3.981 percent.
“The seller would prefer that the successful purchaser be capable of completing its due diligence and executing a purchase-and-sale agreement to effectuate a bulk sale date on Feb. 29, 2016, with a mutually agreed upon transfer date to be specified in the purchase-and-sale agreement,” Interactive said.
Final bids are due on Jan. 14 and should be faxed to 303.302.9240.
Interactive’s Denver office can be reached by phone at 303.830.0377.
