FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
W S
Servicing / The Ticker

$669 million Fannie, Ginnie portfolio sale hits market

Fed Money

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