IMA Brokering Freddie Bulk MSRs with Co-Issue Agency Flow

Interactive Mortgage Advisors is exclusively brokering on behalf of an unnamed bank another bulk residential mortgage servicing rights offering in conjunction with which the seller would like to establish a flow relationship.

The bulk $204 million bulk portfolio contains retail, low note rate servicing, with a 3.71% weighted average coupon (3.878% on the 30-year portion), and less than three months seasoning.

The flow relationship would deliver $20 million to $25 million per month of comparable Fannie Mae or Freddie Mac product over the next 12 months and IMA said the unnamed bank is well-capitalized and has “a solid reputation for quality underwriting and performance.”

IMA is asking for written bids to be emailed by 2 p.m. Eastern on June 18.

Prospective buyers must be an approved Fannie Mae or Freddie Mac servicer or have a structure in place with one that can take ownership and service on their behalf.