A concurrent flow servicing offering could work out to mortgage servicing rights on as much as $2.250 billion in government-sponsored enterprise loans.
The offering is for $125 million per month. The seller is looking for a 12-to-18 month future flow delivery with a minimum six-month commitment.
On a weighted-average basis, the FICO score on the home loans is 754, the original loan-to-value ratio is 79.0 percent, and the service fee is 0.25 percent.
Source: Mortgage Daily