More than $600 million in loans are behind an offering of Ginnie Mae mortgage servicing rights. Nearly half of the loans are secured by properties in Texas.
Bids are being accepted for MSRs on 3,033 mortgages that have an aggregate unpaid principal balance of $616 million. The loans are serviced on behalf of Ginnie.
Based on the loan count, 47 percent of the properties securing the loans are located in Texas, 14 percent are in Tennessee, and 13 percent are in Arkansas.
Source: Mortgage Daily