MIAC Analytics is managing the sale of a $1.09 billion Fannie Mae and Freddie Mac mortgage servicing rights (MSR) portfolio.
The portfolio is being offered by a mortgage company that originates loans with a concentration in California.
The average loan size is $313,457. Roughly 84% of the portfolio is Fannie Mae while roughly 16% is Freddie Mac loans.
The portfolio has a weighted average interest rate of 5.924%; a weighted average delinquency rate of 2.43%; a weighted average loan age of 26 months; and a weighted average FICO of 746.
The seller will be providing full representations and warranties for the loans included in this offering.
Bids are due Sept. 4, at 5:00 PM EST.
Photo: Pepi StojanovskiHi
