New York-based Basis Investment Group sold its Fannie Mae and Freddie Mac multifamily licenses to Zions Bancorporation as lenders put their agency licenses up for sale.  Salt Lake City, Utah-based Zions will acquire Basis Investment’s agency lending programs and mortgage servicing rights. The deal allows Zions the ability to originate Fannie and Freddie loans to borrowers through Fannie’s DUS program and Freddie’s Optigo program. Basis’s agency business was expected to attract bids in the range of $150 million to $200 million, Commercial Mortgage Alert previously reported, citing sources. The Fannie portion of the business was worth about double to triple […]

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