$736 Million Servicing Portfolio Offered through MountainView
Denver (Feb. 9, 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, Fannie Mae and Ginnie Mae MSR portfolio with $736 million of unpaid principal balance. Bids for the portfolio are due Feb. 12.
Quality features of this seasoned bulk portfolio include 99 percent fixed-rate and 100 percent first lien product, a weighted average original FICO score of 762, a weighted average original loan-to-value ratio of 66 percent, a weighted average interest rate of 3.94 percent, and low delinquencies. The geography is concentrated in California (89 percent of loans), and the average loan size is $332,159.
The portfolio is offered with full representations and warranties from the seller, who is seeking a sale date no later than March 31.
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