FDIC Header
Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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
2017-10527-MSA-GNMA Washington, DC 7/17/2017 528 $71,220,692.01 $78,342.76 Platinum Home Mortgage Corp 2200 Hicks Road, Suite 101, Rolling Meadows, IL 60008

Back to Top

Skip Footer back to content