An offering of mortgage-servicing rights on over $1 billion in agency loans that has just become available has a heavy concentration of loans in the Golden State.
MSRs are being offered on 5,671 single-family loans that had an aggregate unpaid principal balance of $1.268 billion as of April 30.
Fannie Mae A/A loans account for 3 percent of the units, while 67 percent are Freddie Mac ARC mortgages, less than 1 percent are Ginnie Mae I loans and 29 percent are Ginnie Mae II mortgages.
Source: Mortgage Daily
