RMBS

IMA Selling Small Bulk MSR Portfolio

Published October 18, 2011 11:04 AM EDT 1 Min Read

Interactive Mortgage Advisors (IMA), Denver, is auctioning off a $57 million portfolio of bulk servicing rights for an undisclosed seller.

The MSRs are tied to Fannie Mae loans originated in California.

According to an offering circular issued by IMA, the product is relatively new (six months of seasoning) and is skewed toward fixed-rate loans. The average loan balance is $223,000.

The bid deadline is early next week.

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