Interactive Mortgage Advisors has completed the sale of a $532 million package of bulk servicing rights. The residential receivables are tied to loans purchased by Fannie Mae. Denver-based IMA declined to identify the buyer or the seller. The package has 3% delinquencies, a figure that includes foreclosures. The weighted average coupon on the loans is 5.395%. A handful of other large bulk packages are currently out for bid, including $20 billion of rights belonging to the now-defunct AmTrust Bank of Cleveland. Milestone Merchant Partners is selling the receivables on behalf of the Federal Deposit Insurance Corp.
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