$1.2 Billion Freddie, Fannie MSR Portfolio Hits Market

 

Denver (Nov. 19, 2014) – MountainView Servicing Group, a provider of residential mortgage servicing rights transaction and valuation advisory services, today announces its advisory role for the sale of servicing rights to Freddie Mac and Fannie Mae mortgages with $1,221,537,408 of total unpaid principal balance. Bids for the portfolio are due on Nov. 21.

Quality features of this portfolio include 100 percent fixed-rate and first lien product, a weighted average original FICO score of 752, a weighted average original loan-to-value ratio of 74 percent, a weighted average interest rate of 4.24 percent, and no delinquencies.

Top states for the portfolio are California (44.2 percent), New York (9.0 percent), Hawaii (5.6 percent), and Oregon (5.2 percent). The portfolio’s average loan size is $266,944.

The seller, an independent mortgage bank with high net worth and significant MSR sales experience, is seeking a year-end sale.

“It’s a very desirable deal: you have size, a strong seller, and clean product,” said Robert Wellerstein, managing director at MountainView Servicing Group. “That’s what you should be looking for as a buyer.”

 

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. Today, the company is the #1 provider of MSR valuations and did 564 valuations in the first half of 2014 for 277 clients, including eight of the top 10 holders of MSRs.* The company also had 63 MSR transaction advisory engagements (sell-side and buy-side) in the first half of 2014.

*Top 100 Mortgage Servicers: 1Q14, Inside Mortgage Finance, June 25, 2014

 

About MountainView Capital Holdings

For 25 years, Denver-based MountainView Capital Holdings has been focusing on the capital markets and financial advisory needs of the financial services industry while specializing in residential mortgage and fixed income 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.

 

Media Contact

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