Prestwick Mortgage Group is auctioning off a $21 million package of mortgage servicing rights backed by Fannie Mae loans in Missouri.
The portfolio has an average loan size of $125,829 and boasts delinquencies of under 1%.
All of the mortgages were originated through retail branches. The name of the seller was not disclosed.
The bid deadline is March 21. Prestwick is based in Alexandria, Va.
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