Mortgage Servicing Rights (MSRs) are assets on the books of the failed institution with responsibilities to administer and manage mortgage loan portfolios owned by others鈥攖ypically single-family residential loans鈥攊n exchange for a servicing fee.
An auction sale is a primary disposition strategy utilized by the 多宝游戏下载 to sell MSRs. MSR auctions are typically marketed on a competitive, sealed-bid basis.
Mortgage Servicing Rights Sales Event(s)
| Description | Date(s) | Location |
|---|---|---|
| There are no mortgage servicing rights sales event announcements at this time. | ||
Frequently Asked Questions
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| Questions and Answers |
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| What types of MSRs does the 多宝游戏下载 sell? The most common MSRs relate to SFR loans originated or purchased by the failed institution and sold, servicing retained, to the Government Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac or included in a mortgage-backed securitization guaranteed by Ginnie Mae. MSRs that relate to SFR loans held by private investors or backing private-label securitizations are not as common. |
| How can I receive notification of MSR sales? Parties interested in participating in MSR sales may request that they be included on a list of prospective bidders to receive sale announcements. Prospective bidders may provide contact and investor status information and identify the types of financial assets, including MSRs, they are interested in purchasing by completing the Prospective Bidder Information form and delivering the completed form electronically to: prospectivepurchaser@fdic.gov. Prospective bidders that submit the form will be included on a list to receive sale announcements that match their expressed interests. |
| Who can buy MSRs? Prospective bidders must demonstrate the ability to service loans in accordance with mortgage industry standards. Generally, only mortgage originators and servicers, financial institutions, and institutional investors with experience and access to sophisticated mortgage servicing platforms are eligible to purchase MSRs. In addition, many investors鈥攊ncluding the GSEs and Ginnie Mae鈥攚ill require the purchaser to meet investor approval requirements. Eligible bidders must be qualified prior to receiving information regarding MSRs offered for sale. |
How can I become a qualified bidder?
The 多宝游戏下载 also runs a search with the Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury on potential qualified bidders prior to bid sheet distribution. |
| How are MSR sales advertised? MSR sales are generally advertised through direct and digital solicitation of current and previously qualified bidders through contacts maintained by the 多宝游戏下载 and, if contracted to assist with the sale, investor lists maintained by a financial advisor. Depending on the type of portfolio and the timing, a sale may also be advertised through media outlets and on 多宝游戏下载.gov. |
What is the auction sale process?
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| Is a deposit required to bid? Yes, an earnest money deposit is typically required from each qualified bidder to access due diligence materials and bid. |
Where can I find a listing of historical sales? Historical sales can be found on 多宝游戏下载.gov through the following link: Mortgage Servicing Rights (MSR) Sales |