Bids are being sought for mortgage-servicing rights on more than $2 billion in agency-backed single family loans with a wide geographic dispersion.

A mortgage firm that originates on a national basis is selling MSRs on 12,691 loans that had an aggregate unpaid principal balance of $2.236 billion as of April 30.

A majority of the loans, 56 percent, are GNMA II, while 19 percent are FHLMC 3 ARC, 15 percent are FNMA A/A, 10 percent are FNMA MBS and less than 1 percent are GNMA I.

Source: Mortgage Daily