An undisclosed national mortgage originator and purchaser will put a $3.9 billion Ginnie Mae bulk mortgage servicing portfolio up for bid next week, according to US Trading.
The package is at the larger end of the scale of deals trading in the current market.
Agency and government mortgage servicing rights offerings have ranged in size from about $500 million to around $3 billion recently, said Tom Millon, president and CEO of the Capital Markets Cooperative.
"Some servicing is coming to market in those kinds of increments and seems to be well bid," he said.
The seller of the $3.9 billion bulk Ginnie package will offer full representations and warranties for the loans, and has 28 years or origination experience.
US Trading is accepting bids on the seller's behalf through 3 p.m. on Sept. 18.