Interactive Mortgage Advisors LLC of Denver is selling a $225 million package of Fannie Mae residential loan bulk mortgage servicing rights for a seller that was not identified. The bid deadline is Dec. 7.
According to the offering circular, the loans — almost 72% of which are in California — have a delinquency rate of 0.10%. All delinquencies are in the 90-day category.
None of the loans are in foreclosure. The servicing fee is just over 25 basis points. The package includes 1,000 loans with an average age of 4.7 months. Interactive, a servicing advisory firm, sells receivables and conducts evaluations and runs a whole-loan trading desk.