CSE Brokering 3 Servicing Deals

Countrywide Servicing Exchange has a bid deadline of June 18 for three servicing deals.The first is an annual flow purchase agreement for $500 million to $1 billion of annual Fannie Mae, Freddie Mac, and Ginnie Mae servicing. The loans are primarily from California, with a small portion coming from Nevada. The average loan balance is expected to be $165,000 to $185,000. Countrywide is also selling a $135 million bulk package of Fannie Mae, Freddie Mac, and Ginnie Mae servicing with a weighted average note rate of 7.872% and an average loan balance of $90,831. Separately, Countrywide also has a $101 million Ginnie Mae portfolio for sale with the same bid deadline. The weighted average note rate is 8.675%, and the average loan balance is $64,683.