Mortgage Servicing Asset Sales
Mortgage Servicing Assets, A/K/A Mortgage Servicing Rights, are sales of those rights and obligations arising out of the retained obligations of a failed Insured Depository Institution. MSA assets shown below are sold and transferred to the servicer of the winning bidder shortly after Bank Failure and can be sold with or without a variety of representations and warranties. If possible, the Rep and Warrants exposure may be mitigated as part of the sale negotiations. It is usually the case that pricing and structure of these transactions can utilize the assets of the private sector for sale expertise in this asset class.
| Sale ID | Site Name | Date Sold | No. of Loans | Book Value | Sales Price (Gross) | Winning Bidder | Address |
|---|---|---|---|---|---|---|---|
| 2008-10007-MSA | Washington, DC | 2/28/2009 | 682,097 | $2,435,283,223 | $596,086,229 | One West Bank | One West Bank, PO Bx 7056, Pasadena, CA 91109 |
| 2008-10021-MSA | Washington, DC | 12/10/2009 | 6,189 | $16,201,426 | $4,547,653 | Green Tree Servicing LLC | 345 Saint Peter St Ste 300, Saint Paul, MN, 55102 |
| 2009-10155-MSA-NS | Washington, DC | 9/21/2010 | 20,196 | $39,716,661 | $18,062,250 | Nationstar Mortgage LLC | P.O Box 619098, Dallas, Texas 75261-9741 |
| 2009-10155-MSA-ML | Washington, DC | 9/22/2010 | 71,529 | $179,088,939 | $110,272,948 | Met Life Mortgage | P.O. Box 630387, Irving, TX 75063 |
| 2010-10291-MSA | Washington, DC | 6/29/2012 | 399 | $930,817 | $44,300 | Colonial Savings F.A. | 2626b W. Freeway, Fort Worth TX, 76102 |
| 2010-10298-MSA | Washington, DC | 10/11/2011 | 815 | $767,548 | $501,000 | West Gate Bank | P.O. Box 82603, Lincoln, NE 68501-2603 |
| 2010-10306-MSA | Washington, DC | 5/11/2011 | 1,485 | $1,231,705 | $1,054,784 | Penny Mac | 6101 Condor Drive, Suite 200, Moorpark, CA 93021 |
| 2011-10399-MSA | Washington, DC | 4/30/2012 | 4,161 | $4,289,871 | $4,605,400 | Royal Credit Union | PO Box 970, Eau Claire, WI 54702-0970 |
| 2015-10513-MSA-GNMA | Washington, DC | 6/8/2015 | 31,230 | $47,602,045 | $29,268,175 | Banco Popular | PO Box 362708, San Juan, PR 00936-2708 |
| 2015-10513-MSA-FNMA | Washington, DC | 7/9/2015 | 22,716 | $23,943,938 | $23,701,659 | Banco Popular | PO Box 362708, San Juan, PR 00936-2708 |
| 2015-10513-MSA-FHLMC | Washington, DC | 6/23/2015 | 4,293 | $2,899,445 | $6,400,505 | Banco Popular | PO Box 362708, San Juan, PR 00936-2708 |