Cohane Offering Large Flow Package

Cohane Rafferty Securities Inc., White Plains, N.Y., is offering a $600 million to $1.2 billion "flow" package of mortgage servicing rights, MortgageWire has learned.The bid deadline on the package is March 16. The product includes receivables on Fannie Mae and Freddie Mac loans. Meanwhile, servicing brokers are saying bid prices have fallen since March 5, when the yield on the 10-year Treasury took a dive. "Buyers are being skittish," said one investment banker. (For complete details, see the March 15 issue of National Mortgage News.)