Incenter Mortgage Advisors is brokering the sale of a $1.6 billion Freddie Mac residential mortgage servicing rights portfolio for an undisclosed independent mortgage banker.
Bids for the portfolio are due by June 29. Cenlar serves as the subservicer for the portfolio.
The loans in the portfolio carry a weighted average coupon of 3.828%, and only 0.05% of the loans in the portfolio are delinquent. The portfolio spans a national geography and has three months of seasoning.