Fannie Mae Bulk and Co-Issue Flow Servicing Go Up for Bid
An exclusive $828 million bulk Fannie Mae servicing portfolio with subsequent monthly co-issue flow servicing of $15 million-$20 million per month is up for bid, with a final bid date on April 3, according to Interactive Mortgage Advisors.
The bid deadline that day is noon, Mountain Time.
The unnamed seller would prefer that the purchaser be capable of completing its due diligence and executing a purchase and sale agreement to effectuate a bulk sale date on or prior to May 31 with a mutually agreed upon transfer date to be specified in the purchase and sale agreement, according to IMA.
The subsequent co-issue sale date(s) should begin on or prior to May 31, with monthly transfers to be specified in the purchase and sale agreement.