This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S
Investments

Fannie and Freddie offer $4.3 billion in mortgage servicing rights

IMA handling the MSR sales

money zipper
/ Print / Reprints /
| Share More
/ Text Size+

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. 

Recent Articles by Brena Swanson

Comments powered by Disqus