Revealed: BlackRock owns considerable stock in housing’s biggest players

Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
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