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Hanover Capital Selling Ginnie Mae Portfolio.(Hanover Capital Partners)(Brief Article)
Hanover Capital Partners, Edison, N.J., is auctioning $220 million in residential servicing rights owned by the Government National Mortgage Association.
GNMA took control of the receivables from defaulted servicers. Hanover also is offering $11.9 million in whole loans for Ginnie Mae.
The sale of both assets is scheduled for September. Potential bidders are able to access sale information and conduct online due diligence through Hanover's website.
Unloading housing receivables has not ...
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