The Prestwick Group, Alexandria, Va., is brokering the sale of servicing rights on a $204 million portfolio of Ginnie Mae loans.The portfolio has a weighted average note rate of 5.367% and a weighted average service fee of 0.4247%. The average loan balance is $112,694, and the weighted average seasoning is 15 months. The delinquency ratio, including foreclosures, is 9.85%. Bids are due Feb. 8.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
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Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
