MountainView Brings $6.2 Billion MSR Portfolio to Market

 

Denver (March 21, 2016) – MountainView Servicing Group, a residential mortgage servicing right sale and valuation advisor, is advising on the sale of a Fannie Mae and Freddie Mac bulk MSR portfolio with $6,194,312,158 of unpaid principal balance. Bids for the portfolio are due on March 29.

The servicing is on 26,180 fixed-rate and first-lien mortgages. The loans have a weighted average original credit score of 777, a weighted average original loan-to-value ratio of 74 percent, and a weighted average interest rate of 3.69 percent.

The portfolio also has no delinquencies and an average loan size of $236,605. Top states for the servicing are California (17.0 percent), Massachusetts (7.4 percent), Texas (7.3 percent), and Washington (6.0 percent).

“This conventional MSR portfolio consists of lower-coupon, low-California concentration servicing, which will be appealing to both bank and non-bank MSR buyers,” said Matt Maurer, a managing director at MountainView.

 

About MountainView Servicing Group

MountainView Servicing Group, a subsidiary of MountainView Capital Holdings, has been a residential mortgage servicing right 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