© 2026 Arizent. All rights reserved.

RMBS

Prestwick Selling $58 Million of MSRs

Published 1 Min Read

The Prestwick Mortgage Group is marketing a $58 million package of mortgage servicing rights backed by mostly multifamily commercial mortgages held by private investors.

According to the company’s offering circular, there is no buyback risk whatsoever on the portfolio – and there are no delinquencies as well.

All of the underlying properties are located in New Jersey and most of the loans were eligible for the low income housing tax credit (LIHTC) at the time of origination.

The paper yields 6.89%. Prestwick, which is headquartered in Alexandria, Va., has set an Aug.7 bid deadline.

For reprint and licensing requests for this article, click here.

More From Asset Securitization Report

Megabanks Suffer MSR Markdowns

It stands to reason that with delinquencies falling and home values firming up that mortgage servicing rights are poised for a handsome increase in value. But judging from the latest earnings statements from the nation’s megabanks, nothing could be farther from the truth. According to an analysis conducted by National Mortgage News, the nation’s largest […]

Prestwick Selling $58 Million Multifamily/Commercial Servicing

The Prestwick Mortgage Group is offering, as exclusive broker, $58 million in private investor multifamily/commercial servicing from an undisclosed private mortgage company. The seller prefers a concurrent sales and transfer date before Sept. 25. The bid date is Tuesday, Aug. 7 at 5 p.m. As of June 29, the portfolio had a 6.899% weighted average […]

Prestwick Selling $128MM of Freddie MSRs

The Prestwick Mortgage Group is offering $128 million of Freddie Mac mortgage servicing rights and hopes to complete the auction by the end of next week. The seller has been identified in documents as being a national bank. As a policy Prestwick does not disclose the names of its clients. The MSRs have a weighted […]

VA Specialist to Unload $4.5B of MSRs

A mortgage banking firm specializing in U.S. Department of Veterans Affairs (VA) loans is trying to sell $4.5 billion of GNMA-backed mortgage servicing rights through Interactive Mortgage Advisors (IMA), Denver. Moreover, the firm plans to unload an additional $1 billion of MSRs soon after the initial offering.IMA would not disclose the identity of the seller, but notes in […]