Two Servicing Portfolios for Sale

August 15, 2006, 2:00 p.m. EDT 1 Min Read

Prestwick Mortgage Group, Alexandria, Va., is brokering the sale of servicing rights on two bulk mortgage packages totaling $46 million.Bids are due on Thursday, Aug. 24 for servicing rights on a $31 million portfolio of Freddie Mac and Fannie Mae loans in Indiana. The weighted average note rate is 6.089%, the average loan balance is $129,972 and the weighted average servicing fee is 0.2514%. Bids are due Wednesday, Aug. 23 on the servicing rights for a $15 million portfolio of Fannie Mae loans from Ohio. The weighted average note rate is 6.10%, the average loan balance is $73,666 and the weighted average servicing fee is 0.2634%.

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