$40 million in agency loans
By MortgageDaily.com staff
2/6/2006

A $40 million portfolio of Fannie Mae and Freddie Mac bulk servicing rights is up for sale.

Interactive Mortgage Advisors announced it is brokering the offering, which has a Feb. 15, 2006, bid deadline.

The offering's weighted-average interest rate is 5.636%, the weighted-average servicing fee is 0.338% and the estimated 12 month average escrow is 0.51%, Interactive said.

Arizona loans account for 95.3% of the portfolio, which has an average loan size of nearly $137,000, a weighted-average remaining term of 303 months and 30-day delinquency rate of 2.01%, according to the announcement.

The sale date is reportedly scheduled for March 31.

More details about the offering are posted at Interactive's Web site.

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