The company said the portfolio has a weighted average age of less than two months, an overall 3.4% weighted average note rate, a slightly higher 3.535% weighted average note rate on 30-year fixed-rate portion, an average loan balance of $260,582 and over 49,000 loans in total.
Written bids must be emailed by April 23 at 2 p.m. Eastern Standard Time.
Prospective purchasers must be approved Fannie Mae and Freddie Mac servicers or have a structure in place with an approved Fannie Mae and Freddie Mac servicer who can take ownership and service on their behalf.
