A handful of smaller servicing portfolios totaling about $300 million in receivables are now out for bid. Interactive Mortgage Advisors, Denver, is selling $60 million of Fannie Mae bulk rights, and a $196 million portfolio of Fannie Mae/Freddie Mac receivables. Bids are due in early March. Meanwhile, the Prestwick Group, Alexandria, is offering a $35 million package of receivables backed by Fannie Mae and private investor loans in Florida. The Prestwick portfolio has a 9.21% delinquency rate. The IMA packages have late payments of 2.78% or less.
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