Bids are being accepted for an offering of mortgage servicing rights on nearly $2 billion in agency residential loans. The deal has a three-state concentration.

In all, MSRs on 10,350 agency residential loans that had an aggregate unpaid principal balance of $1.925 billion as of Jan. 31 are being auctioned.

Fannie Mae loans account for $0.131 billion of the total, Freddie Mac mortgages make up less than $0.001 billion and Ginnie Mae loans represent the bulk of the offering: $1.794 billion.

Source: Mortgage Daily