A new offering could provide the successful bidder with mortgage servicing rights on as much as $1 billion in government-sponsored enterprise loans.

The concurrent flow servicing offering is for MSRs on $60 million per month in Fannie Mae first-lien mortgages. All of the loans are retail originations.

Nearly 90 percent of the loans have 30-year terms, while more than 10 percent are 15-year mortgages. The owner-occupancy ratio is almost 92 percent.

Source: Mortgage Daily