MountainView Marketing MSRs on Homebuilder-Originated Loans

 

Denver (April 3, 2014) – MountainView Servicing Group, a leading provider of residential mortgage servicing rights transaction and valuation advisory services, is the exclusive sale advisor for a homebuilder’s $200 million Fannie Mae MSR portfolio and an additional $30-40 million of servicing per month from the builder.

The bulk portfolio, with $200 million of unpaid principal balance, is 100 percent fixed-rate and first lien Fannie Mae product with a weighted average original FICO of 755, a weighted average original loan-to-value ratio of 82 percent, a weighted average interest rate of 3.91 percent, and low delinquencies.

All of the loans were originated by the mortgage financing subsidiary of a homebuilding company, and the average loan size is $235,563.

Top states for the portfolio are North Carolina (23.4 percent), Ohio (22.7 percent) and Florida (18.4 percent).

The flow component of the offering is $30-40 million per month of MSRs on similar product originated by the seller.

“Given this unique opportunity to buy $700 million plus of homebuilder-originated servicing, we expect a significant amount of interest,” said Robert Wellerstein, Managing Director at MountainView Servicing Group and the lead advisor on the sale. “In addition, the servicing is in attractive states.”

Bids for the offering are due April 8.

 

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. In 2013, MountainView Servicing Group advised on 102 MSR transactions, participating in approximately 80 percent of the deals brought to market. The company also performed 1,006 MSR portfolio valuations in 2013 for 256 clients, including 18 of the 20 largest mortgage servicers.

 

About MountainView Capital Holdings

For 25 years, MountainView Capital Holdings has been focusing on the capital markets and financial advisory needs of the financial services industry while specializing in fixed income and residential mortgage 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. Visit MountainViewCapitalHoldings.com to learn about the services and credentials of each MountainView company.

 

Media Contact

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