Investors hungry for servicing have an opportunity to buy mortgage servicing rights on nearly $200 million in government-sponsored enterprise loans with a Golden State concentration.

The offering includes MSRs on 715 Fannie Mae A/A mortgages that have an aggregate unpaid principal balance of $188 million. All of the loans are fixed rate.

A 3.575 interest rate was reported on the loans on a weighted-average basis, while the service fee is 0.25 percent and the FICO score is 766. The retail channel share is 98.5 percent.

Source: Mortgage Daily