Fannie and Freddie offer $4.3 billion in mortgage servicing rights
IMA handling the MSR sales
Interactive Mortgage Advisors is overseeing a sale of $4.3 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans in a recent series of sales in the market.
The MSR portfolio is comprised of an average weighted note rate of 3.966% on Fannie Mae loans and 4.05% on Freddie Mac loans.
In addition, the portfolio features brand new Freddie originations at a 2.4 month weighted average, with total delinquencies less than .50% on both.
The average FICO score sits at 750 and is currently sub-serviced by Cenlar.
“Both offerings are presented on behalf of a Midwest, independent mortgage banking entity with strong financials and highly experienced senior management team,” the company said.
IMA recently announced another $5.4 billion offering in MSRs tied to Fannie Mae loans, featuring a substantial amount of extremely low interest rate, high-quality MSRs from a highly reputable mortgage banking company.