The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

InvestmentsMortgage

$301 million Fannie Mae bulk servicing portfolio hits market

Mostly Midwest portfolio is 100% current

Buyers looking to get their hands on some Fannie Mae servicing have that opportunity, as Interactive Mortgage Advisors announced that it is acting as the exclusive broker for a $301 million Fannie Mae bulk residential mortgage servicing rights offering.

According to Interactive Mortgage Advisors, the portfolio features servicing on 1,893 loans, with an average loan balance of $159,104.

The weighted average interest rate is 4.15% and the loans are 35.1 months seasoned on average. The loans are also 100% current.

Interactive Mortgage Advisors is presenting the offering on behalf of a well-capitalized, independent mortgage banker from the Midwest.  

More than 92% of the loans are located in the Midwest, IMA said in its presale documentation.

According to IMA, more than 53% of the underlying loans are located in Michigan, while nearly 30% are located in Minnesota, making up more than 80% of the total portfolio.

Bids on the portfolio are due on Thursday, Oct. 8.

Latest Articles

How can the mortgage industry retain more employees?

“We should take pride in the fact that our tiny, little industry is really pivotal in this whole cogwheel of not just the American dream, but our economy and everything else,” Black Knight’s Sandra Madigan says. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please