Whole Loan Capital is auctioning off a $553 million portfolio of GSE and bank residential servicing rights.

The New York-based advisor said roughly 92% of the underlying loans are current with 6.5% of the package 90-days or more delinquent.

Homes located in California, Colorado, Florida, New York, and Virginia serve as the underlying collateral. The package, though, is top heavy in California, which accounts for 33% of the MSRs.

On average, the loans have 78 months of seasoning. WLC did not disclose the seller’s identity or offer up a bid deadline.

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