Two MSR Portfolios Come to Market

Bids are being accepted on two portfolios of mortgage servicing rights involving some $290 million of home loans.Interactive Mortgage Advisors, Denver, is brokering the sale of MSRs on a $202 million home loan portfolio of Fannie Mae, Freddie Mac, and Federal Home Loan Bank loans. The loans have a weighted average loan balance of $89,493 and are backed predominantly by homes in Utah. Bids are due March 29. A second portfolio totaling $88 million in Fannie Mae and Freddie Mac loans from New York State is being brokered by Mortgage Industry Advisory Corp., New York. The average unpaid balance on that portfolio is $163,014, and bids are due on March 30.