Originations from 2012 dominate the portfolio. The average loan balance is $196,290 and the weighted average service fee is 29.15 basis points.
Prospective purchasers must be approved Ginnie Mae servicers or have a structure in place with one who can take ownership and service on their behalf.
The seller, which IMA describes as an established mortgage company with strong financials and senior management well-versed in servicing transactions, is looking to close the transaction with sale treatment on June 1 with a mutually agreeable transfer date.
IMA requests that written bids be emailed by 2 p.m. EST on May 1.
