Mortgage Industry Advisory Corporation (MIAC) is handling the sale of a $69 million Fannie Mae mortgage servicing rights (MSR) portfolio offered by a mortgage company that originates loans with a geographic concentration in Florida.
The portfolio comprises 100% fixed loans with an average loan size of $187,966.
The weighted average interest rate is 4.179%. The weighted average delinquency rate is 0.60%. The weighted average loan age is nine months.
About 56% of the portfolio is Fannie Mae Refi Plus, while 42.32% is Standard and 1.56% is ‘other.’
