Bids are being sought for mortgage servicing rights on just over $3 billion in government-sponsored enterprise loans with a four-state concentration.
The offering is for MSRs on 12,115 Fannie Mae and Freddie Mac single-family loans that had an aggregate unpaid principal balance of $3.005 billion as of Nov. 30, 2017.
Colorado is the location of 32 percent of the loans securitizing the pools. Another 22 percent are in Texas, while 11 percent are in Washington, and 11 percent are in Oklahoma.
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From:: Financing