General World News

2022 opens with a big MSR bulk-sale offering

HW+ houses Reno

Denver-based Incenter Mortgage Advisors is in the market with a $10 billion bulk-sales package of mortgage-servicing rights (MSRs) tied to Fannie Mae and Freddie Mac loans.

The MSR offering involves 36,185 loans that are fairly evenly split between Fannie- and Freddie-backed mortgages. The weighted average age of the loans is 10.8 months, with an average interest rate of 2.898%, according to the bid documents. The average loan size for the bulk package is $276,596 — with a weighted average FICO credit score for the underlying loans of 766.7.

The seller is not identified in the offering, which indicates the deadline for final bids is Jan. details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com