Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
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