Interactive Mortgage Advisors is telling prospective buyers that they can bid on all, or part, of a portfolio it is auctioning of servicing rights on $10 billion of mortgages.
The Denver brokerage would not identify the seller of the servicing rights, which are tied to mortgages owned or guaranteed by Fannie Mae.
"Prospective purchasers will actually have the option of bidding smaller portions of $2 billion and $8 billion or the entire $10 billion," Interactive said. It has set a Feb. 4 bid deadline on the package.
Meanwhile, Milestone Merchant Partners is marketing a $20 billion package of rights that once belonged to the now-defunct AmTrust Bank in Cleveland.