A fairly substantial portfolio of mortgage-servicing rights on government-sponsored enterprise loans with a Golden State concentration has been put up for auction.

The offering is for MSRs on 15,146 Fannie Mae loans that had a collective unpaid principal balance of $3.627 billion as of April 30.

On a weighted-average basis, FICO scores are 750, the loan-to-value ratio is 71 percent and the interest rate is 3.74 percent.

Source: Mortgage Daily