Bids are being solicited for mortgage servicing rights on more than $700 million in agency home loans with a three-state concentration.

MSRs on 3,970 residential loans that had an aggregate unpaid principal balance of $713 billion as of year-end 2017 are being auctioned.

Ginnie Mae II loans account 2,426 of the units, while Fannie Mae A/A mortgages make up 1,504 units, and Freddie Mac ARC loans number just 36.

Source: Mortgage Daily