MountainView Brings $3B MSR Offering to Market

 

Denver (Aug. 12, 2016) – MountainView Servicing Group, a residential mortgage servicing rights transaction and valuation advisor, is the exclusive sale advisor for a Ginnie Mae bulk MSR portfolio with $3,046,406,102 of unpaid principal balance. Bids for the portfolio are due Aug. 18.

The portfolio is servicing on 100% fixed-rate mortgages. The 13,858 first-lien loans have a weighted average original credit score of 688, a weighted average original loan-to-value ratio of 94 percent, a weighted average interest rate of 3.94 percent and a weighted average age of seven months. The top states for these mortgages are California (19.9 percent), New York (10.3 percent), Florida (7.4 percent) and Texas (4.9 percent).

“This $3 billion GNMA servicing portfolio is lower-delinquency, higher-credit servicing that will allow buyers to receive recapture income without taking on a large amount of delinquent servicing,” said Matt Maurer, managing director at MountainView. “And the lower-than-expected realized prepayment speeds on this GNMA carve illustrate the seller has not been actively soliciting the borrowers for refinance, leaving a significant amount of refinance income for the winning bidder.”

 

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. The company is consistently among the top two advisors for MSR sales, based on volume of bulk deals, and in the first half of 2016 it marketed and received bids on 17 bulk deals involving $35.7 billion of total unpaid principal balance. MountainView Servicing Group also is the #1 MSR valuation advisor, with 841 marks to market in the first half of 2016 and 248 active clients as of June 30. The company’s active clients for MSR valuation include eight of the top 10 mortgage servicers as well as 36 of the top 50.*

*Based on Inside Mortgage Finance Q1 2016 Top 100 Mortgage Servicers

 

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