$835 Million GNMA Servicing Portfolio Hits Market

 

Denver (Sept. 11, 2014) – MountainView Servicing Group, a leading provider of residential mortgage servicing rights transaction and valuation advisory services, today announces an $835 million Ginnie Mae bulk servicing offering. The company is the exclusive sale advisor to the seller.

Quality features of this portfolio include 99.7 percent fixed-rate and 100 percent first-lien product, a weighted average original FICO of 691, a weighted average original loan-to-value ratio of 94 percent, and a weighted average interest rate of 4.00 percent.

Top states for the portfolio are California (23.9 percent), New York (9.6 percent), Florida (4.7 percent), and Pennsylvania (4.5 percent). The average loan size is $205,309.

Bids are due Sept. 16.

“This portfolio is being offered by one of the premier mortgage bankers in the country,” said Robert Wellerstein, managing director at MountainView Servicing Group. “It’s an exceptionally clean GNMA portfolio, with a very low coupon and low delinquencies. Given the high-quality product, portfolio size and experienced seller, we expect this package to garner a lot of interest among MSR buyers.”

 

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, with 564 valuations in the first half of 2014 and 277 clients, including seven of the top 10 mortgage servicers and 46 of the top 100.* The company is also among the top three advisors for MSR transactions, with 63 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