Mortgage servicing rights on more than $1 billion in Ginnie Mae loans with a Texas concentration are being marketed for sale.

The offering is for MSRs on 5,421 residential loans that had a collective unpaid principal balance of $1.173 billion as of April 30.

Nearly half of the loans are secured by Texas properties. Another 15 percent are in Oklahoma, and 14 percent are in Colorado.

Source: Mortgage Daily