Bank of America (BofA), as part of a continuing effort to reduce its residential exposure, is offering roughly $7 billion of mortgage servicing rights (MSRs) through what’s being called a ‘Barbell’ auction.

Investors and brokers familiar with the sale say half the MSRs are performing, the other half delinquent.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.