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Fannie-Freddie Bulk Servicing Book for Sale 

Jul 09, 2009By

[Update 1: Clarifies status of unknown LTV] [Update 2: Clarifies ownership of loans and servicing rights] Denver-based Interactive Mortgage Advisors (IMA) is accepting bids for a bulk servicing offering of 3,416 loans valued at $509.4m. IMA is selling the portfolio on behalf of the undisclosed mortgage bank that currently services it. The mortgages in the book are owned by Fannie Mae and Freddie Mac. Many of those loans, however, carry unknown loan to value (LTV) ratios.

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