IMA Brokering $500M Ginnie Bulk MSR Offering

Interactive Mortgage Advisors LLC, Denver, is exclusively brokering a $509 million Ginnie Mae bulk residential mortgage servicing rights offering on behalf of the same seller that it also is brokering a $3.5 billion Fannie Mae bulk servicing deal for.

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IMA and the seller are conducting bidding for the two portfolios separately.

The new Ginnie portfolio has a 15.4% VA component, a 3.942% weighted average note rate, 17 months of seasoning and a 718 weighted average FICO.

The deadline for written bids is 2 p.m. Eastern/noon Mountain on Aug. 6.

Prospective buyers must be approved Ginnie Mae servicers or have a structure in place with an approved one who can take ownership and service on their behalf.

Bonnie Sinnock

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

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