A pair of deals that are currently being offered for sale includes mortgage servicing rights on nearly $4 billion in agency residential loans.
The first portfolio is a bulk offering that includes MSRs on 8,104 Freddie Mac loans for $1.860 billion with an 0.2540 percent service fee.
On a weighted-average basis — the interest rate is 4.391 percent, the original term is 347 months and the remaining term is 330 months.
Both transactions are being offered by Interactive Mortgage Advisors LLC, which noted that the seller in both deals is a well-capitalized independent mortgage banker with a strong reputation originating high-quality mortgages.
No loans in the portfolio are delinquent.
California is the location of 19 percent of the properties backing the loans, while another 16 percent are located in Florida. No other state has a double-digit concentration.
The second deal announced by Interactive is for MSRs on
7,648 Fannie Mae and Ginnie Mae mortgages for $1.832 billion.
The weighted average service fee is 0.2706 percent.
The interest rate is 4.089 percent on a weighted-average basis, while the original term is 331 months and the remaining term is 343 months.
Delinquency of at least 30 days is 0.2 percent. None of the loans are bankrupt or in foreclosure.
Nearly a quarter of the loans are secured by California properties, and another 10 percent are secured by Florida properties.
The final bid date for both offerings is March 16.
“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 May 31, 2016,” the offering statements say. “There is flexibility, but the sale date must be no later than June 30, 2016. Transfer dates will be mutually agreed upon in the purchase-and-sale agreement.
Interactive is online at
www.interactivemortgageadvisors.com and can be reached at 303.830.0377 or [email protected].
