Servicing rights are being marketed on a nearly $2 billion Ginnie Mae portfolio with an elevated delinquency rate and a moderate coastal concentration.

Mortgage servicing rights are for sale on approximately 9,611 single-family loans that had a collective unpaid principal balance of $1.76 billion as of July 31.

Fifty-nine percent of the mortgages included in the offering are insured by the Federal Housing Administration, and the remaining 41 percent are guaranteed by the Department of Veterans Affairs.

Source: Mortgage Daily