Potential buyers are being sought for the servicing on over a half-billion dollars in government-sponsored enterprise single-family loans with a Golden State concentration.

Bids are being accepted for mortgage-servicing rights on 2,203 residential loans that had a collective unpaid principal balance of $0.510 billion as of July 31.

Fannie Mae A/A mortgages account for 1,353 units, Freddie Mac Gold loans number 847, and three additional mortgages are described as "Private A/A."


Source: Mortgage Daily