Mortgage servicing rights on less than $200 million in government-sponsored enterprise loans with a three-state concentration are being marketed for sale to the highest bidder.
Bids are currently being accepted for MSRs on 990 single-family loans that had an aggregate unpaid principal balance of $0.182 billion as of May 31.
A fifth of the properties securing the loans are located New Jersey, 19 percent are in Indiana, and 11 percent are in Pennsylvania. No other state has a double-digit concentration.
Source: Mortgage Daily