The Prestwick Mortgage Group, Alexandria, Va., is brokering the sale of servicing rights on a $104 million portfolio of Fannie Mae mortgage loans from the Midwest.The weighted average note rate is 5.578, and the weighted average servicing fee is 0.3579%, the company said. The average loan balance is $90,714, with 32 months of weighted average seasoning. Approximately 75.9% of the loans are on properties in Ohio or Indiana. The seller is a bank-affiliated mortgage company. The bid deadline is May 25.
Processing Content
