General World News

Two more MSR deals valued in total at $2.5B hit the market 

The Prestwick Mortgage Group, an Alexandria, Virginia-based advisory and brokerage firm, has unveiled an offering for a $1.6 billion package of Fannie MaeFreddie Mac and Ginnie Mae mortgage-servicing rights (MSRs).

The bulk of the 7,189 loans in the MSR offering put out to bid this week were originated in Florida and the Midwest, according to the offering documents — which list Prestwick as the exclusive broker and indicate bids are due July 12. The seller is identified only as an “independent mortgage banker.”

By volume, the loans included $583 million from Fannie Mae; $322 million in Freddie Mac loans and $737 million in loans backed by Ginnie details ⇒

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