$3 Billion Servicing Portfolio Hits Market
Denver (Feb. 12, 2015) – MountainView Servicing Group, a leading provider of residential mortgage servicing rights sales and valuation advisory services, today announces its advisory role for the sale of a Freddie Mac and Fannie Mae MSR portfolio with approximately $3 billion of unpaid principal balance. Bids for the portfolio are due Feb. 19.
Quality features of this recently originated bulk servicing portfolio include 100 percent fixed-rate and first lien product, a weighted average original FICO score of 755, a weighted average original loan-to-value ratio of 80 percent, a weighted average interest rate of 3.90 percent, and low delinquencies.
Top states for the portfolio are Texas (21.0 percent), New Jersey (8.1 percent), Illinois (7.4 percent), and Georgia (7.0 percent). The average loan size is $203,106.
“This portfolio’s above-average amount of expected escrow balances provides a buyer with additional upside potential,” says Matt Maurer, managing director at MountainView Servicing Group. “And given the portfolio size and the strength of the counterparty, we expect to receive strong bids from both bank and non-bank MSR buyers.”
The company separately brought a $341 million Ginnie Mae MSR portfolio to market on Feb. 11. Bids for this offering are requested by Feb. 18.
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 1,442 marks in 2014 for approximately 250 clients, including eight of the top 10 holders of MSRs.* In addition, the company is typically the #1 or #2 MSR sales advisor (based on annual number of deals), and it advised on 44 MSR portfolio sales, involving $43.5 billion of UPB, during 2014.
*Based on rankings from Top 100 Mortgage Servicers, 1Q14, Inside Mortgage Finance, 6/25/2014
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.
Troy Rusniak | 303-870-8235 or firstname.lastname@example.org