The servicing on nearly $4 billion in single-family loans that are backed by the government-sponsored enterprises is being offered for sale. The portfolio has a Lone Star State concentration.
A buyer is being sought for mortgage servicing rights on 16,054 residential loans that had an aggregate unpaid principal balance of $3.854 billion as of July 31.
annie Mae A/A mortgages account for 11,668 of the loans, while Freddie Mac ARC loans number 3,409, and Fannie Mae MBS mortgages make up the other 977 units.
Source: Mortgage Daily