In a sign that the bulk market for servicing rights could be heating up, Interactive Mortgage Advisors is auctioning off a $2.1 billion package of receivables for an undisclosed seller.Over the past few months the bulk market has been virtually dead with few of the megabuyers willing to consider an investment except at rock bottom prices. The receivables - which include the rights to 18 delinquent loans - have a weighted average coupon of 4.95%. The loans have been purchased by Freddie Mac, which has been operating under a federal conservatorship since early fall. A majority of the loans are collateralized by homes in Illinois, Massachusetts, Michigan, and Colorado. Final bids are due April 28.
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