Servicing on more than $10 billion in government-sponsored enterprise mortgages has become available for bids. There is a modest Beach State concentration.
Mortgage servicing rights are being offered on 39,253 single-family loans with a collective unpaid principal balance of $10.349 billion as of May 31.
The security on 26 percent of the loans is located in California. Florida has a 9.5 percent share, and all other states have less than a 1/10th share.
Source: Mortgage Daily