A new offering has mortgage-servicing rights on nearly $2 billion in Ginnie Mae loans up for sale. The loans have a Texas-Oklahoma concentration.
The offering includes MSRs on 7,895 Ginnie Mae mortgages that had a collective outstanding principal balance of $1.817 billion as of April 30.
Properties located in Texas secure 43 percent of the loans. Another 16 percent are Oklahoma houses, while 14 percent are located in Colorado. No other state has a double-digit share.
Source: Mortgage Daily