twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

MSRs on $4 Billion Ginnie Portfolio Up for Bid

More than 23,700 loans involved 

Oct. 5, 2015

By Mortgage Daily staff

Buyers of mortgage servicing rights have an opportunity to make a bid for MSRs on more than $4 billion in Ginnie Mae loans.

The offering is for MSRs on 23,761 Ginnie Mae residential loans with an aggregate principal balance of $4,007,380,093.

On a weighted-average basis, the interest rate is 3.661 percent, and the service fee is 0.3203 percent. The escrow balance as of Aug. 31 is $37.0 million.

The offering was announced Monday by Interactive Mortgage Advisors LLC.

Based on the loan balance, 99.6 percent of the mortgages are owner-occupied. Purchase transactions make up 63.6 percent of the portfolio, while cashout-refinances account for 32.6 percent and rate-term refinances represent 3.8 percent

The original term is 355.5 months, while the remaining term is 333.7 months.

Interactive reported that delinquency of at least 30 days was 3.00 percent as of the end of August. Another 0.80 percent of the loans were either in bankruptcy or foreclosure.

The biggest concentration of loans -- 8.1 percent -- is in Ohio.

The final bid date is Oct. 15.

"The seller would prefer that the successful purchaser be capable of completing its due diligence and executing a purchase-and-sale agreement no later than Nov. 30, 2015, with a mutually agreed upon sale-and-transfer date to be specified in the purchase-and-sale agreement," the announcement stated.

Interested bidders should call Interactive at 303.830.0377.

next story

back to current headlines

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

FHA News | Government Resources | M o r t g a g e e Letters | FHA Statistics
FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders