$669 million Fannie, Ginnie portfolio sale hits market
Mortgage Industry Advisory Corp. is overseeing the sale of a $669.22 million Fannie Mae and Ginnie Mae mortgage-servicing portfolio, the company announced Friday.
The offering includes a portfolio of loans, with most of the related properties spread across the Northeast.
The portfolio features an average loan size of $185,071 and 100% fixed-rate loans.
It also includes a weighted average delinquency rate of 2.27%, a weighted average interest rate of 3.933% and is geographically concentrated in New York.
Bids for the portfolio are due on Jan. 30.
This follows a $1.26 million Fannie Mae mortgage-servicing portfolio transaction announced on Thursday.