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Interactive Mortgage Advisors oversees $5.4 billion MSR sale

It's the second deal of its kind in the past week

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Interactive Mortgage Advisors (IMA) is leading a new sale of $5.4 billion in mortgage servicing rights tied to Fannie Mae loans, following a recent string of companies selling their MSRs.

The portfolio is comprised of a substantial amount of extremely low interest rate, high-quality MSRs from a highly reputable mortgage banking company, Interactive Mortgage Advisors noted in its press release.

"The seller is an independent mortgage company with strong financials and a solid reputation," IMA said.

Features of the portfolio include a weighted average note rate of 3.699% and an average FICO score of 764.

Additionally, total delinquencies, including foreclosures, in the portfolio are only 0.54% on 16 months of seasoning, in addition to being sub-serviced by Cenlar.

The portfolio is widely dispersed across America, with no state making up more than 10% of the concentration.

This offering falls in line with a recent uptick in sales of Fannie Mae and Freddie Mac MSRs in the fourth quarter.

Another major MSR sale tied to GSE loans hit the sales block last week. 

Valuation advisor MountainView Servicing Group announed the sale of $901 million in mortgage servicing rights tied to Fannie Mae loans.

The portfolio, like the latest Fannie deal, is comprised of low risk and high quality loans.

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