A pool of first and second mortgages are being offered for sale to the highest bidder. Included in the offering are performing and non-performing loans.
Bids are being taken on 1,667 residential loans that have an aggregate unpaid principal balance of $97.4 million. The loans are segregated into four sub-pools.
Two sub-pools of performing loans include 1,060 second-lien mortgages for $47.9 million and 294 first-lien loans with a collective balance of $28.4 million.
Source: Mortgage Daily