Massive MSR Offering Hits Market

A huge portfolio of mortgage servicing rights on loans backed by the Government National Mortgage Association has hit the market.

The offering is for MSRs on 13,858 Ginnie Mae residential loans that collectively have an unpaid principal balance of $3.046 billion.

All of the mortgages to be serviced in the bulk portfolio offering are fixed rate, and 100 percent of the loans are in first-lien position.

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From:: Financing