Interactive Mortgage Advisors, Denver, is selling $532 million of Fannie Mae servicing rights in an auction that closes March 31. The package carries delinquencies and foreclosures of 3% and has a weighted average coupon of 5.4%. All of the loans are collateralized by properties in the Pacific Northwest. The seller's identity was not disclosed. A handful of other portfolios are on the market, including a $23 billion package of receivables from AmTrust Bank, and $10 billion in rights from Flagstar Bancorp. The AmTrust portfolio is being offered by Milestone Merchant Partners on behalf of the Federal Deposit Insurance Corp. IMA is the advisor on the Flagstar deal though it -- as well as the thrift -- have declined to talk about it.
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