$2.8 Billion MSR Portfolio Hits Market

 

Denver (Feb. 11, 2016) – MountainView Servicing Group, a residential mortgage servicing rights sale and valuation advisor, is advising on the sale of a Fannie Mae, Freddie Mac and Ginnie Mae bulk MSR portfolio that had $2,826,461,143 of unpaid principal balance as of Jan. 31, 2016.

The servicing is on 99 percent fixed-rate and 100 percent first-lien product. The loans have a weighted average original credit score of 733, a weighted average original loan-to-value ratio of 70 percent, and a weighted average interest rate of 3.94 percent. The portfolio also has low delinquencies, an average loan size of $287,798, and a geographic concentration in California (79.6 percent of the loans).

Bids for the offering are due on Feb. 17. The seller, an independent mortgage bank, will accept bids on the entire portfolio or by agency.

 

About MountainView Servicing Group

MountainView Servicing Group, a subsidiary of MountainView Capital Holdings, has been a residential mortgage servicing rights sale and valuation advisor since 1989. The company is consistently among the top two advisors for MSR sales, based on annual volume of bulk deals, and in 2015 it marketed and received bids on 39 bulk deals involving $70.5 billion of total unpaid principal balance. MountainView Servicing Group also is the #1 MSR valuation advisor, with 1,402 marks to market in 2015 for 224 active clients, including eight of the 10 largest holders of the MSR asset and 36 of the top 50.*

*MSR valuation clients within rankings from Top 100 Mortgage Servicers 3Q15, Inside Mortgage Finance, December 17, 2015

 

About MountainView Capital Holdings

Denver-based MountainView Capital Holdings, through its subsidiary companies, offers a diverse set of critical risk management and advisory services to a broad group of institutional participants in the financial services industry. Our suite of flexible and customizable services was developed in support of key institutional risk functions and to provide trading and investment opportunities.

 

Media Contact

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