MountainView Offers $305 Million FNMA Servicing Portfolio
Denver (February 8, 2012) – MountainView Servicing Group is the sale advisor on $305 million of bulk mortgage servicing rights for Fannie Mae loans. Bids on the portfolio are requested by February 16.
MountainView Offers $129 Million GNMA Servicing Portfolio
Denver (January 24, 2012) – MountainView Servicing Group today announces its offering of a $129 million portfolio of Ginnie Mae mortgage servicing rights. The servicing portfolio is comprised of 566 loans that are 99% FHA fixed-rate mortgages.
MountainView Offers $313 Million of FNMA MSRs
Denver (November 17, 2011) – MountainView Servicing Group is offering $313 million of bulk mortgage servicing rights for Fannie Mae loans. The bid deadline for the package is Tuesday, November 22.
MountainView Closes $472 Million FNMA MSR Deal
Denver (October 31, 2011) – MountainView Servicing Group has completed the sale of a $472 million package of mortgage servicing rights for Fannie Mae loans. The package of MSRs was primarily for prime fixed-rate mortgages in California. The loans had an average coupon of 4.50% and an overall delinquency rate of 0.25%.
MountainView Is Successful Bidder for $282 Million FDIC Portfolio of Whole Loans
Denver (September 1, 2011) – MountainView Capital Holdings today announced that MountainView Public Private Investment I (“MountainView”) was the successful bidder in the sale of 1,453 single family residential mortgage loans by the FDIC. The whole loan portfolio is from 48 failed bank receiverships and has an unpaid principal balance of approximately $282 million. The FDIC, in its receivership capacity, will retain a 60% interest in the portfolio.
MountainView Offers $485 Million FNMA Servicing Portfolio
Denver (August 31, 2011) – MountainView Servicing Group today announced its role as the exclusive sale advisor for a $485 million Fannie Mae servicing portfolio. The portfolio is 99% fixed-rate loans, primarily located in Illinois, with a weighted average interest rate of 4.67%, an overall delinquency rate of 2.21%, weighted average FICO scores of 761 and a weighted average servicing fee of 0.30%.
MountainView Offers GNMA FHA MSR Flow
Denver (July 7, 2011) – MountainView Servicing Group is the exclusive sale advisor on the forward bulk/co-issue of approximately $25 million to $50 million per month of Ginnie Mae I and II mortgage servicing rights. Bids on the offering are due July 13 at 5:00 pm Eastern Standard Time.
MountainView Offers $188 Million GNMA Servicing Portfolio
Denver (June 13, 2011) – MountainView Servicing Group today announced its role as the exclusive sale advisor on the offering of a $188 million Ginnie Mae servicing portfolio. The portfolio is 100% fixed-rate product and 98.1% FHA loans, with 99.9% retail origination and a weighted average interest rate of 5.95%.
MountainView Publishes MSR Hedging Costs White Paper
Denver (May 17, 2011) – MountainView Risk Advisors has published a white paper about measuring and forecasting the costs of hedging mortgage servicing rights. While most large holders of MSRs have implemented hedging strategies, there is no typical methodology for evaluating the costs. MountainView’s paper examines the issue and recommends an evaluation framework.
MountainView Offers $262 Million FNMA Bulk Servicing Portfolio
Denver (April 26, 2011) – MountainView Servicing Group today announced its role as the exclusive sale advisor on the offering of a $262 million Fannie Mae bulk servicing portfolio. The geography of the portfolio is western states, with 88% of the mortgages in California.
MountainView Hires Robert Wellerstein as a Managing Director
Denver (April 14, 2011) – MountainView Capital Holdings today announced the hiring of Robert Wellerstein as a managing director in its mortgage and fixed income sales and trading units.
MCT and MountainView Form Strategic Relationship
San Diego (March 7, 2011) – MCT Trading, a leading hedging and risk management firm, and MountainView Capital Holdings, an advisor to participants in the mortgage and fixed income capital markets, have announced a strategic relationship in which MCT will introduce select clients to MountainView’s services in an effort to address more of its clients’ needs.
MountainView Closes $110 Million Trade of Second Liens
Denver (January 5, 2011) – MountainView Capital Group, an advisor to buyers and sellers of residential whole loans, has facilitated the purchase of approximately 2,500 performing second-lien closed-end loans and home equity lines of credit.
MountainView Forms Mortgage Loan Valuation Unit
Denver (October 20, 2010) – MountainView Capital Holdings, a provider of financial services for institutions participating in the mortgage and fixed income capital markets, today announced the formation of MountainView Portfolio Analytics, a business unit specializing in valuation of residential whole loans, securitized loans and REO.
CMC Launches MountainView’s Mortgage Loan Purchase Program
Ponte Vedra Beach, Florida (September 15, 2010) – Capital Markets Cooperative, a partnership of residential mortgage loan originators, today announced a strategic alliance with MountainView Capital Group, a residential mortgage loan trader.
MountainView Expands Institutional Fixed Income Platform
Denver (August 9, 2010) – MountainView Capital Holdings, a leading provider of solutions for mortgage and fixed income capital market participants, today announced the acquisition of Capmark Securities and the hiring of a seasoned team of fixed income professionals from Madison Williams and Company.