Mortgage servicing rights on a portfolio of mostly Alt-A loans are on the market. A big share of the mortgages are secured by California properties.

The bulk offering is for MSRs on 3,699 residential loans that had an aggregate unpaid principal balance of $898.630 billion as of Feb. 28.

Private investor loans included in the offering number 3,272, while there are 234 Fannie Mae mortgages and 193 Freddie Mac loans.

Source: Mortgage Daily