A portfolio of mortgage-servicing rights on more than $3 billion in government-sponsored enterprise loans with a modest Golden State concentration has just hit the market.

The offering is for MSRs on 14,901 residential loans that had a collective unpaid principal balance of $3.339 billion as of the end of last month.

Fannie Mae A/A loans account for $1.814 billion of the loans being offering, while $0.062 billion are FNMA MBS mortgages and $1.453 billion are Freddie Mac ARC loans.

Source: Mortgage Daily