MountainView Advising on $1 Billion MSR Offering

 

Denver (Oct. 22, 2014) – MountainView Servicing Group, a provider of residential mortgage servicing rights transaction and valuation advisory services, today announces its advisory role for the sale of a Fannie Mae and Ginnie Mae MSR portfolio with $1,038,840,170 of unpaid principal balance. Bids for the portfolio are due on Oct. 29.

Quality features of this portfolio include 97 percent fixed-rate and 100 percent first lien product, a weighted average original FICO score of 716, a weighted average original loan-to-value ratio of 86 percent, and a weighted average interest rate of 4.53 percent.

Top states for the portfolio are Wisconsin (15.9 percent), Georgia (11.9 percent), Texas (10.5 percent), and Florida (10.1 percent). The portfolio’s average loan size is $144,806.

“The Fannie Mae servicing is being offered on a bifurcated basis, meaning that the buyer in no way will be responsible for origination or prior servicer representations and warranties,” said Matt Maurer, managing director at MountainView Servicing Group. “Given the recent move down in rates, these MSRs offer buyers the opportunity to generate recapture income without taking on counterparty/repurchase risk.”

 

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. Today, the company is the #1 provider of MSR valuations and did 564 valuations in the first half of 2014 for 277 clients, including eight of the top 10 holders of MSRs.* The company also had 63 MSR transaction advisory engagements (sell-side and buy-side) in the first half of 2014.

*Top 100 Mortgage Servicers: 1Q14, Inside Mortgage Finance, June 25, 2014

 

About MountainView Capital Holdings

For 25 years, Denver-based MountainView Capital Holdings has been focusing on the capital markets and financial advisory needs of the financial services industry while specializing in residential mortgage and fixed income 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.

 

Media Contact

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