IMA offers $43m delinquent secured second lien loans
Interactive Mortgage Advisors (IMA) is offering a $43m delinquent secured second lien loans. 544 delinquent secured secondary loans will be available and total unpaid principal balance is at about $43m. All loans are secured by residential property and can be purchased nationwide. Denver-based IMA operates in the secondary whole loan and servicing market and deals in whole loan trades and principal balance servicing portfolio sales and transfers. In July 2009, IMA offered a bulk-servicing portfolio containing mortgages owned by Fannie Mae and Freddie Mac of 3,416 loans valued at $509.4m. The same month, the IMA served as the FDIC's financial advisor for the marketing and sale of Mortgage Servicing Rights (MSRs) for more than $1bn in residential mortgage loans. In August 2009, the IMA offered an $85.1m Fannie Mae loans bulk servicing offer and in December, IMA offered an $11.1bn residential loan servicing rights portfolio. In January, IMA facilitated the sale of a $130m Ginnie Mae bulk servicing portfolio for 937 loans with a principal balance of more than $130m, combined In February, IMA facilitated the sale of a $196m Fannie Mae and Freddie Mac bulk servicing portfolio for 1,152 loans with a principal balance of more than $195.85m, combined. In March, IMA facilitated the sale of a $196.1m Fannie Mae bulk servicing portfolio covering 593 loans with a principal balance of about $196.13m, combined. In April, IMA facilitated the sale of a $196.4m Fannie Mae, Freddie Mac bulk servicing portfolio including 2,793 loans with a principal balance of almost $196.44m, combined. Ariana Garza is an editorial assistant at HousingWire.