The Fannie Mae servicing portfolio is 99.8% fixed-rate first lien product. It has a weighted average original Fair Isaac & Co. credit score of 737 and a weighted average original loan-to-value ratio of 74.5%. The 7,836 loans backing the mortgage servicing rights have a weighted average interest rate of 5.08% (5.22% on the 30-year fixed-rate product) and an average unpaid principal balance of $96,348.
The other $395 million offering consists of servicing rights on 1,561 Fannie Mae and Freddie Mac loans, including $342 million of HARP servicing. It has a weighted average original FICO of 745, a weighted average LTV of 117%, a weighted average interest rate of 3.91%, an overall delinquency rate of 0.19%, and an average unpaid principal balance of $253,531.
