IMA Offering $1.5B Alt-A Bulk Package

Interactive Mortgage Advisors, Denver, is selling a $1.5 billion package of Fannie Mae alternative-A bulk servicing rights with a "flow" component.IMA is brokering the receivables for what it calls a "highly reputable" Wall Street client. Under the flow portion, the seller will provide $750 million to $1 billion a month in additional receivables, bringing the total deal size to $10.5 billion to $13.5 billion. The bid deadline is Thursday, Oct. 13. IMA is auctioning off two other Fannie bulk deals -- one with $206 million in receivables, and another with $26 million.

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