Mortgage Industry Advisory Corporation, New York, is selling a $1.66 billion bulk package of residential servicing rights collateralized by loans guaranteed by Freddie Mac.
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The advisory firm did not disclose the identity of the seller. The receivables, most of which are fixed-rate loans, are spread out across the U.S. The bid deadline is July 30.
And in one other servicing sale, the Prestwick Mortgage Group of Virginia is selling a $68 million GNMA servicing portfolio. The bid deadline is August 3.
