Fannie Mae Bulk and Co-Issue Flow Servicing Go Up for Bid

By Bonnie Sinnock

Published March 22, 2013, 10:27 a.m. EDT

1 Min Read

An exclusive $828 million bulk Fannie Mae servicing portfolio with subsequent monthly co-issue flow servicing of $15 million-$20 million per month is up for bid, with a final bid date on April 3, according to Interactive Mortgage Advisors.

Processing Content

The bid deadline that day is noon, Mountain Time.

The unnamed seller would prefer that the purchaser be capable of completing its due diligence and executing a purchase and sale agreement to effectuate a bulk sale date on or prior to May 31 with a mutually agreed upon transfer date to be specified in the purchase and sale agreement, according to IMA.

The subsequent co-issue sale date(s) should begin on or prior to May 31, with monthly transfers to be specified in the purchase and sale agreement.

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

For reprint and licensing requests for this article, click here.

Secondary markets

MORE FROM NATIONAL MORTGAGE NEWS

Fraud

FBI: Real estate cyberfraud rises with more AI, crypto scams

The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.

By Andrew Martinez
Reporter

April 10
Home equity loans

HEI customers file new class action against Unison

A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.

By Spencer Lee
Technology Reporter

April 10
Economic indicators

War, oil and inflation: What it means for rates

Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.

By Brad Finkelstein
Originations Editor

April 10
Inflation

Energy prices drive up inflation by 0.9% in March

A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.

By Ebrima Santos Sanneh
Reporter

April 10
Originations

Jumbo lending playbook: automation, overlays and ROI

Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.

By Brad Finkelstein
Originations Editor

April 10
LoanDepot

LoanDepot taps Figure to launch 5-minute loan product

LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.

By Colin McNamara
Reporter

April 9

Load More