A $12.7 billion Fannie Mae and Freddie Mac bulk servicing portfolio comprised of loans tied to properties in multiple states is up for grabs, according to the seller's agent Interactive Mortgage Advisors.
Forty percent of the assets – or 19,623 of the loans – are linked to California real estate.
The average loan size comes in at $260,582 with a weighted average interest rate of 3.4% and an age of 1.8 months.
Of the loans in the pool, only 63, or 0.13% of the portfolio, are classified as 30 days past due.
Three loans in the pool are 60 days or more delinquent, making up only 0.01% of the pool, while only one loan is more than 90 days late.
Only seven loans tied to the bulk offering are classified as being tied to bankruptcy proceedings, according to an Interactive Mortgage Advisors report on the portfolio.
Final bids for the bulk agency portfolio are due April 23 at 12 p.m. MST.
The seller is asking for the successful purchaser to be prepared to complete due diligence and execute a purchase and sale agreement to effectuate a sale on or before May 31, 2013.