The Denver brokerage Interactive Mortgage Advisors will start taking bids today for the servicing portfolio of Thornburg Mortgage Inc., sources said.
The portfolio consists of servicing rights on $11.1 billion of jumbo adjustable-rate mortgages.
At Sept. 30, 3.79% of the portfolio was past due and 2.8% was in foreclosure, according to an investment banker familiar with the offering.
Interactive would not discuss the auction.
Thornburg, of Santa Fe, N.M., filed for bankruptcy protection this year.
