Fannie, Ginnie Mae MSRs Up for Bid

""Mortgage Industry Advisory Corporation"":http://www.miacanalytics.com/ (MIAC) announced two new mortgage servicing rights (MSR) portfolios totaling more than $694 million.

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The first offering is a ""$669.22 million portfolio"":http://www.miacanalytics.com/aboutmiacnews/669_Mil_FNMA_GNMA_Servicing_Offering_MIACExclusiveOffering.html from a seller with originations focused mostly in the Northeast. The portfolio contains a mix of Fannie Mae (47 percent) and Ginnie Mae (50.9 percent) loans, with warehouse loans making up the rest.

According to MIAC, the portfolio contains all fixed-rate loans with a weighted average interest rate of 3.9 percent, a weighted average delinquency rate of 2.27 percent, and a weighted average loan age of six months. The average loan size for the portfolio is $185,071.

The seller will provide full representations and warranties for the loans included in the offering, MIAC said. The bid date for the portfolio is January 30.

In addition, MIAC is representing another seller offering a ""$24.96 million servicing portfolio"":http://www.miacanalytics.com/aboutmiacnews/25_Mil_FNMA_GNMA_Servicing_Offering_MIACExclusiveOffering.html.
The portfolio contains 79.8 percent Ginnie Mae and 20.2 percent Fannie Mae loans. All loans included are fixed-rate and have an average interest rate of 4.5 percent, a delinquency rate of 0.76 percent, and a loan age of two months. Most of the portfolio's concentration is in New York.

The average loan size for the portfolio is $190,504.

The bid date for the second portfolio is February 7. According to MIAC, the seller is offering the portfolio without full representations and warranties.