Phoenix Capital Inc. in Denver is offering an $816 million package of Fannie Mae servicing rights owned by the West Coast mortgage company Just Mortgage Inc.

According to the offering circular on the deal, the package is made up of fixed-rate loans with a weighted average age of less than one month, as of Oct. 31.

The coupon on the portfolio is 4.8%, with a servicing fee of 25 basis points. The bid deadline is Dec. 9.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.