An unnamed independent mortgage company is offering $50 million to $75 million per month of co-issue flow government and agency servicing rights over the next 12 months, according to
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Texas properties secure more than 60% of the low-rate loans involved. More than 80% are home purchase loans. Retail originations comprise 98% of the loans. The seller’s financials and reputation are strong, according to IMA.
IMA will accept written bids for the Fannie Mae, Freddie Mac and Ginnie Mae mortgage servicing rights on the seller’s behalf through 2 p.m. Eastern time on Nov. 12.
