A small portfolio of mortgage servicing rights on loans backed by the housing finance agencies has just hit the market. The loans have a Florida concentration.
MSRs are being offered on 2,316 Fannie Mae, Freddie Mac and Ginnie Mae loans with an aggregate unpaid principal balance of $439 million as of April 30.
FNMA A/A loans make up more than 89 percent of the portfolio, while less than 1 percent are FHLCM ARC loans and over 10 percent are GNMA II loans.
Source: Mortgage Daily