Bids are being sought for the servicing on a small portfolio of government-sponsored enterprise mortgages. The loans have a New England concentration.
Mortgage-servicing rights are being offered on a portfolio of 2,084 single-family loans that had a collective unpaid principal balance of $0.367 billion as of April 30.
Fannie Mae A/A loans account for 32 percent of the loans in the offering, while another 68 percent are Freddie Mac ARC mortgages.
Source: Mortgage Daily