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CHFA Request for Bids – Servicing CHFA’s Grouped Loans

Date Posted: 3/5/2009
Application Deadline: 3/19/2009 12:00 PM
The Connecticut Housing Finance Authority (“CHFA”) is requesting bids for a qualified servicer to service an existing group of seasoned loans (the “Grouped Loans”). These Grouped Loans currently carry a servicing fee of 37.5 basis points (.375%), which includes escrow and foreclosure servicing. The group consists of approximately 375 loans totaling approximately $55,268,123. These Grouped Loans are further detailed in Exhibit A.
 
To be eligible to bid for the servicing of the Grouped Loans, a respondent must be currently qualified as a CHFA single family servicer. The Grouped Loans are all subject to IRS and CHFA requirements, including CHFA’s standard servicing requirements for performing and non-performing loans.
 
Bids will be accepted in two forms: i) as a percentage (stated in basis points) of the principal amount of each loan or group paid at the time of purchase; or ii) as an annual percentage servicing fee (stated in basis points). Attached is a bid form.
Three copies of the bid form must be received by CHFA, Attention: Elizabeth Vallera, no later than noon, March 19, 2009.
 
If you have questions or need additional information about CHFA, you can find it on line at CHFA’s website, www.chfa.org in the sections “For Business Partners” “Information for CHFA Participating Lenders.” Questions may also be faxed to (860) 257-8375. Any other ex parte communication about this bid is not permitted and may be grounds for elimination from further consideration.
 
Thank you for your interest in CHFA.


Attachments

The following file downloads are associated with this announcement.