CoreLogic: Foreclosures down more than 25% since August 2014

CoreLogic: Foreclosures down more than 25% since August 2014

Foreclosure pipeline of legacy loans remains elevated

Here’s how TRID is changing the mortgage industry

Up and down the pipeline things are changing

Monday Morning Cup of Coffee: Is Fed, housing policy at a crossroads?

Plus why private investors don’t want to buy mortgages, TRID and more
Servicing / The Ticker

$669 million Fannie, Ginnie portfolio sale hits market

Fed Money
/ Print / Reprints /
| Share More
/ Text Size+

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

Recent Articles by Brena Swanson

Comments powered by Disqus