MorVest Capital is handling the sale of a Freddie Mac bulk servicing portfolio with unpaid principle balance of about $102 million.
The portfolio consists of 100% retail loans.
The average FICO is 753 and the average loan balance is $124,366.
The weighted average note rate is 3.99%.
The portfolio has a very low delinquency rate of 1.9%.
The weighted average service fee is 25 basis points.
The portfolio also sports strong average escrows – 1.8% of principal – MorVest says in a release.
Bid deadline is September 27.
For more info, including loan level data, click here.
