Interactive Mortgage Advisors, Denver, is auctioning off a $157 million package of Freddie Mac bulk servicing rights for a client.
IMA declined to identify the seller. The bid deadline is early next week and the investment banker hopes to close the deal by the end of February.
The MSRs, which carry ultra low delinquencies, are collateralized by residential loans in 29 states, but is top heavy in Georgia.
The average note rate is 4.44%. The servicing fee is 25 basis points.
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
Finance of America has not disclosed any incident, but a consumer filed an immediate lawsuit over a lone report of a ransomware gang's recent hack.
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
HECM endorsements rose 16% in March to 2,117 loans, but monthly volumes remain near their slowest pace since last summer as proprietary reverse products quietly steal market share.
Which parties are responsible for the surge persisted as a source of debate as community lenders released updated survey data reflecting their average expense.
The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
