Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

GSE MSRs On the Market

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.

Popular posts

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...