The Prestwick Mortgage Group is selling $91 million in Fannie Mae mortgage servicing rights.
The bid date for the MSR offering is September 10 at 5:00 p.m. EDT.
The average loan has a $82,283 unpaid price balance and a weighted average credit score of 729.
The weighted average note rate is 5.27% which could offer some HARP refinancing opportunities.
PMG executive vice president George Christo noted that prices of MSRs have been rising for most of this year and it is the “healthiest” market he has seen in six years.
“There is a good balance between the number of purchasers and the number of sellers in the servicing market,” Christo said.