Mortgage servicing rights on $169 million of Freddie Mac, Fannie Mae, and Federal Home Loan Bank home loans are being sold by Mortgage Industry Advisory Corp., a New York City-based broker and provider of mortgage asset pricing services. MIAC said 99% of the loans are fixed-rate, with an average loan size of $98,274 and a weighted average interest rate of 5.97%. The delinquency ratio is 1.34% on the loans, which are backed by homes in Idaho. Written bids are requested by Aug. 25, and the seller would prefer a Sept. 30 sale date with a transfer of servicing completed by Nov. 1, MIAC said. MIAC can be found on the Web at http://www.servicing.com.
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