Lender Selling MSRs on Flow Basis

July 29, 2005, 2:00 p.m. EDT 1 Min Read

The Prestwick Mortgage Group, Alexandria, Va., is brokering the sale of servicing rights on $150 to $210 million per quarter of Fannie Mae and Ginnie Mae mortgage servicing rights.The bulk flow portfolio's sample characteristics include an anticipated average Fannie Mae loan balance of $124,000 and Ginnie Mae balance of about $112,000. The loans will be made in Indiana, Ohio, Michigan, and Kentucky. The seller is a bank-affiliated mortgage company. Bids are due Aug. 9.

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