Interactive Mortgage Advisors LLC, Denver, is selling a $225 million package of Fannie Mae residential loan bulk mortgage servicing rights for an undisclosed seller. The bid deadline is Dec. 7.
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According to the offering circular, the loans — almost 72% of which are in California — have a 0.10% delinquency rate. All delinquencies are in the 90-day bucket.
None of the loans are in foreclosure. The servicing fee is just over 25 basis points.
The package includes 1,000 loans with an average age of 4.7 months. IMA is a servicing advisory firm that sells receivables and conducts evaluations. The firm also runs a whole loan trading desk.
