Pennsylvania Servicing Portfolio For Sale

January 19, 2007, 3:00 p.m. EST 1 Min Read

The Prestwick Mortgage Group, Alexandria, Va., is brokering the sale of servicing rights on a $35 million portfolio of Freddie Mac home loans, primarily from Pennsylvania.The fixed-rate, owner-occupied portfolio has a weighted average note rate of 4.811%, an average loan balance of $122,339, and weighted average seasoning of 33 months. None of the loans are in foreclosure or bankruptcy. The bid deadline is Jan. 25.

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