An offering of servicing rights on a portfolio of nearly $800 million in agency home loans has a concentration of properties that are located in the Empire State.

Mortgage servicing rights are being offered on 4,263 Fannie Mae, Freddie Mac and Ginnie Mae loans with a collective unpaid principal balance of $773 million as of Dec. 29, 2017.

FHLMC 3 ARC loans account for $61 million of the loans, while $223 million are FNMA A/A, $0.7 million are GNMA I and $488 million are GNMA II.

Source: Mortgage Daily