Ginnie Bulk Servicing Deals Set for Bidding

Published February 13, 2004, 3:00 p.m. EST

1 Min Read

Cohane Rafferty Securities, White Plains, N.Y., is selling a $528 million portfolio of Ginnie Mae servicing rights.Moreover, several other bulk deals are either in the market or about to come to market, servicing brokers told MortgageWire.The bid deadline on the Cohane portfolio is Wednesday, Feb. 18. In one other pending sale, Mortgage Industry Advisory Co., New York, is offering a $100 million bulk package of Ginnie servicing rights. The bid deadline for that package is Friday, Feb. 13. For more details on other deals see the Monday Feb. 16 issue of National Mortgage News.

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