The Prestwick Mortgage Group, Alexandria, Va., is brokering a $40 million package of Freddie Mac servicing rights for a community bank based in Florida.
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The portfolio has an average note rate of 5.85%, but carries delinquencies of 7.78%. The selling bank's name was not disclosed.
The bid deadline is late next week. The average loan size is $111,171. All of the MSRs were created from retail production.
Early last month Prestwick began marketing a $406 million package of GNMA MSRs for an undisclosed seller. The firm is still evaluating bids on that offering.
