The servicing on agency residential loans and agency commercial real estate loans is being offered for sale in a trio of transactions.
The first offering involves mortgage servicing rights on around 7,900 residential loans with a concentration in the state of California.
Fannie Mae jumbo mortgages account for 89 percent of the loans, while the rest are private
jumbo home loans.
In all, servicing on $2.75 billion in retail-originated loans is up for grabs.
Fixed-rate loans make up nearly 95 percent of the loans.
On a weighted-average basis, the interest rate is 3.820 percent, the delinquency rate is 0.025 percent and the loan age is 23 months.
The bid date is July 23.
Servicing on another roughly 890 Fannie Mae loans for
$156 million with a concentration in Texas is up for bid until July 29.
More than 99 percent of the loans are fixed rate. The weighted-average interest rate is 4.009 percent,
the weighted-averaged delinquency rate is 1.24 percent and the weighted-average loan age is 20 months.
The sellers in both offerings are providing full representations and warranties.
Finally, MSRs on a $2.1 billion Ginnie Mae healthcare property loan portfolio are being auctioned.
In addition, the seller wants a forward commitment for the sale of MSRs on another $1 billion in loans over the next 18 months.
Mortgage
Industry Advisory Corp. is the exclusive representative for all of the sellers.
Prospective bidders are being directed to Dan Thomas,
212.233.1250×240, [email protected].
