The first offering is a $635 million Fannie Mae portfolio that bids Sept. 19. It includes 99.9% fixed-rate first-lien product and $431 million in Home Affordable Refinance Program servicing.
It has a weighted average original Fair Isaac & Co. credit score of 733, a weighted average original loan-to-value ratio of 107% and a weighted average interest rate of 4.1%.
Properties securing underlying loans are concentrated in Florida (21.3%), New Jersey (16.2%), Massachusetts (13.3%) and Rhode Island (12.7%). The average loan size is $212,333.
The second offering is a $1.5 billion portfolio with approximately $1 billion of Ginnie Mae MSRs and approximately $500 million of Fannie Mae MSRs, with bids for the entire portfolio or either segment due Sept. 24.
It is 99.9% fixed-rate first-lien product, has a weighted average original FICO of 708, a weighted average original LTV of 90%, a weighted average interest rate of 3.8%, and $101 million of HARP servicing.
Section 184 (Native American) loans make up $238 million of this portfolio, which has an average loan size of $160,064.
Properties securing underlying loans are concentrated in Texas (32.2%), Ohio (18.8%), Colorado (8.5%) and Oklahoma (7.8%).