MIAC Analytics is handling the sale of an agency and government mortgage servicing rights portfolio valued at around $964.57 million.
The portfolio of Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights is being offered by a mortgage company that originates loans with a concentration in Montana.
The seller will be providing full representations and warranties for the loans included in this offering, MIAC Analytics says in an announcement.
The average loan size is $263,471.
About 73% of the loans are Fannie Mae, while 25% are Freddie Mac and 1.45% are Ginnie Mae.
The weighted average interest rate is 3.207%. The weighted average delinquency rate is 1.51%.
The average loan age is 31 months. The weighted average FICO score is 760.
Bids are due January 17, 2024.
Photo: Eskay Lim