MountainView Brings $1.1B of MSRs to Market

 

Denver (April 1, 2014) – MountainView Servicing Group, a leading provider of residential mortgage servicing rights transaction and valuation advisory services, is the exclusive sale advisor for two MSR portfolios with combined unpaid principal balance of $1.1 billion.

The first portfolio, bidding April 3, is $923 million of Freddie Mac servicing. Quality features of this offering include 100 percent fixed-rate and first lien product, a weighted average original FICO of 768, a weighted average original loan-to-value ratio of 72 percent, a weighted average interest rate of 3.66 percent, and no delinquencies. Top states for the portfolio are California (35.1 percent), Virginia (7.0 percent), Washington (5.4 percent), and Arizona (5.2 percent).

“Over the last six months, we have marketed approximately 40 MSR portfolios consisting mainly of low-rate, conventional servicing,” said Matt Maurer, Managing Director at MountainView Servicing Group and the lead advisor on the sale. “But this may be the lowest-rate portfolio of them all, with its weighted average 30-year fixed interest rate of 3.66 percent.”

MountainView Servicing Group also has a $205 million Fannie Mae servicing portfolio bidding on April 4. Quality features of this offering include 96 percent fixed-rate and 99.8 percent first lien product, a weighted average original LTV of 71 percent, and a weighted average interest rate of 5.12 percent. Top states are New York (81.4 percent), California (6.3 percent), New Jersey (4.7 percent), and Florida (2.5 percent).

 

About MountainView Servicing Group

MountainView Servicing Group, a subsidiary of MountainView Capital Holdings, has been a residential mortgage servicing rights transaction and valuation advisor since 1989. In 2013, MountainView Servicing Group advised on 102 MSR transactions, participating in approximately 80 percent of the deals brought to market. The company also performed 1,006 MSR portfolio valuations in 2013 for 256 clients, including 18 of the 20 largest mortgage servicers.

 

About MountainView Capital Holdings

For 25 years, MountainView Capital Holdings has been focusing on the capital markets and financial advisory needs of the financial services industry while specializing in fixed income and residential mortgage assets. With expertise in sales and trading, analytics and asset management, MountainView is uniquely qualified to create value for clients in all market conditions, and the firm is continually building on a longstanding commitment to offer a broad range of services. Visit MountainViewCapitalHoldings.com to learn about the services and credentials of each MountainView company.

 

Media Contact

Troy Rusniak | 303-870-8235 or trusniak@mvcg.com