MountainView Advising on $2 Billion GNMA Servicing Offering

 

Denver (July 30, 2015) – MountainView Servicing Group, a leading provider of residential mortgage servicing rights sales and valuation advisory services, is advising on the sale of a Ginnie Mae MSR portfolio with $1,997,180,620 of unpaid principal balance. Bids are due on August 3.

Quality features of the portfolio include 100 percent fixed-rate and first lien product, a weighted average original credit score of 698, a weighted average original loan-to-value ratio of 94 percent, a weighted average interest rate of 3.76 percent, and a weighted average service fee of 0.351 percent.

Top states for the portfolio are California (17.3 percent), Florida (6.6 percent), Illinois (6.6 percent) and Texas (6.0 percent). The average loan size is $214,935.

“This recently originated GNMA servicing pool has a large weighted average servicing fee and low weighted average coupon,” says Matt Maurer, managing director at MountainView Servicing Group. “Given this and the strength of the counterparty, we expect strong participation and execution in this offering.”

 

About MountainView Servicing Group

MountainView Servicing Group, a subsidiary of MountainView Capital Holdings, has been a residential mortgage servicing rights sales and valuation advisor since 1989. Today, the company is the #1 provider of MSR valuations, with 692 valuations in the first half of 2015 for 279 active clients, including eight of the 10 largest holders of the MSR asset and 35 of the top 50.* The company also is consistently among the top two advisors for MSR sales (based on number of deals), and advised on 20 deals during the first half of 2015.

*MSR valuation clients within rankings from Top 100 Mortgage Servicers 1Q15, Inside Mortgage Finance, June 19, 2015

 

About MountainView Capital Holdings

For more than 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