As the market waits for word on the sale of HSBC’s $60 billion servicing portfolio, smaller MSRs deals continue to be offered by broker/advisory firms.
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The Prestwick Mortgage Group is offering a $6 million package of Fannie Mae/Freddie Mac servicing rights.
The loans backing the package were originated in Florida. The seller’s name was not disclosed.
The note rate on the portfolio is 6.36% but delinquencies are in the 12% range, including foreclosures. Written bids are due Wednesday, April 13.
