MorVest Capital Offering $1.8B in GNMA Mortgage Servicing Rights
- David Fleig
- Sep 10, 2018
- 1 min read
Sugar Land, TX - MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $1.8 billion GNMA bulk mortgage servicing portfolio. The seller is an independent mortgage banker providing full reps and warrants.
Portfolio characteristics include a 3.45% weighted average interest rate, 20 bp net service fee, an average balance of $183,117 and a weighted average age of 24 months.
MorVest CEO David Fleig noted the seller is willing to entertain offers for the entire portfolio or a $1.4B alternate portfolio as indicated in the prospectus.Â
The bid deadline is 5PM CT Tuesday September 18, 2018. Loan level data will be furnished only under an NDA.
About MorVest Capital
For more information go to https://www.morvestcap.com/trades or email dfleig@morvestcap.com.