MountainView Advising on $4.7B MSR Offering

 

Denver (April 6, 2016) – MountainView Servicing Group, a residential mortgage servicing rights sale and valuation advisor, is the exclusive sale advisor for a Freddie Mac, Fannie Mae and Ginnie Mae bulk MSR portfolio with $4,723,571,962 of unpaid principal balance. Bids for the portfolio are due on May 12.

“Considering this portfolio’s size and low percentage of delinquencies, we expect interest from both seasoned investors and the market’s newer entrants,” said Robert Wellerstein, managing director at MountainView. “Potential bidders should also know that the seller, which is a publicly traded bank, has previous MSR sale experience and originated most of the mortgages through its retail channel.”

The Freddie Mac and Fannie Mae segment of the offering is servicing on 96 percent fixed-rate and 100 percent first-lien product. The loans have a weighted average original credit score of 740, a weighted average original loan-to-value ratio of 72 percent, and a weighted average interest rate of 4.14 percent. The top states for these mortgages are California (82.9 percent), Oregon (3.7 percent) and Arizona (1.8 percent).

The Ginnie Mae segment is servicing on 99 percent fixed-rate and 100 percent first-lien product. The loans have a weighted average original credit score of 681, a weighted average original LTV of 93 percent, and a weighted average interest rate of 3.95 percent. The top states for these mortgages are California (73.0 percent), Oregon (4.0 percent) and Arizona (2.4 percent).

 

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