A buyer is being sought to acquire the servicing on a small portfolio of agency loans that are primarily concentrated in Illinois.
The offering is for mortgage-servicing rights on 4,110 single-family loans that had a collective unpaid principal balance of $0.792 billion as of May 31.
Illinois is the location of residential properties securing 73 percent of the loans in the pool. No other state has a double-digit share.
Source: Mortgage Daily