The servicing on nearly $10 billion in government-sponsored enterprise loans is being auctioned off. The offering has a California concentration.

Mortgage servicing rights are being offered for sale on 39,852 single-family loans that had an aggregate unpaid principal balance of $9.631 billion as of Aug. 31.

Fannie Mae loans account for 23,525 of the units in the offering, while another 16,327 of the units are Freddie Mac mortgages.

Source: Mortgage Daily