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Home » Store » Ginnie Mae » BofA, Flagstar Unload Ginnie Mae MSRs

BofA, Flagstar Unload Ginnie Mae MSRs

$50.00
Ginnie Mae

Product Details

The sale of residential mortgage servicing rights (MSRs) tied to Ginnie Mae mortgage securities is gathering steam with a handful of large deals currently in the market. Bank of America recently held an auction for $22 billion of legacy Ginnie MSRs, according to investment bankers familiar with the offering. Final bids were being taken this week. A winner has yet to be declared. A spokesman for BofA told Inside FHA Lending that in general the bank does not comment on MSR sales, though it has made exceptions when unloading very large packages. Earlier this year, for example, it sold just over ...
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