MSRs On $1.5 Billion in GSE Loans Up for Bid

Mortgage servicing rights are being offered for sale on $1.5 billion in home loans backed by the government-sponsored enterprises.

Servicing on 8,577 residential loans with a combined principal balance of $1.488 billion is available to the servicer with the best bid.

Fannie Mae “A/A” mortgages account for 79 percent of the loans to be serviced, while another 21 percent are Freddie Mac “3 ARC loans.”

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From:: Financing