A pair of offerings have mortgage servicing rights up for auction on nearly $1 billion in agency loans with a concentration in New York and California.
The first offering is for MSRs on 2,440 Government National Mortgage Association loans with an aggregate principal balance of $432 million as of Jan. 31.
On a weighted-average basis, the FICO score is 690, the original loan-to-value ratio is 98 percent, and the combined LTV ratio is 95 percent.
Source: Mortgage Daily
