Servicing rights on a small portfolio of residential agency loans with a heavy concentration on the West Coast are being marketed through the auction process.

The offering is for mortgage servicing rights on 1,181 single-family loans that had a collective unpaid principal balance of $0.327 billion as of June 29.

Freddie Mac Gold loans account for 43 percent of the mortgages, while Fannie Mae A/A transactions make up 42 percent, and Ginnie Mae loans represent the remaining 14 percent.

Source: Mortgage Daily