A pair of co-issue flow offerings for servicing rights on agency mortgages could ultimately give the successful bidder servicing on more than $1 billion in loans.
The first offering is for mortgage-servicing rights on between $25 million and $60 million per month in residential loans. The minimum commitment term is 12 months.
Fannie Mae A/A mortgages are expected to account for around 89 percent based on the number of loans, while Freddie Mac Gold share is projected at just 11 percent.
Source: Mortgage Daily