MountainView Offers $188 Million GNMA Servicing Portfolio
Denver (June 13, 2011) – MountainView Servicing Group today announced its role as the exclusive sale advisor on the offering of a $188 million Ginnie Mae servicing portfolio. The portfolio is 100% fixed-rate product and 98.1% FHA loans, with 99.9% retail origination and a weighted average interest rate of 5.95%.
Matt Maurer, vice president at MountainView, said bids are being accepted until 12:00 pm Eastern Daylight Time on Friday, June 17. The seller prefers a sale date of July 29 and is flexible with the transfer date, according to Maurer.
About MountainView Servicing Group
For 21 years, MountainView Servicing Group, a wholly owned subsidiary of MountainView Capital Holdings, has been advising independent mortgage companies, commercial banks, thrifts, credit unions and special servicers on the trading, valuation, and overall management of their mortgage servicing rights. MountainView Servicing Group marketed over $30 billion and $75 billion of MSRs in 2010 and 2009, respectively, and was engaged to represent bidders on transactions totaling more than $60 billion. The firm is also the leading provider of MSR portfolio valuations, with clients that include nine of the top 10 servicers as well as 27 of the top 30 servicers.
About MountainView Capital Holdings
Headquartered in Denver, MountainView Capital Holdings is a financial services firm focused on the diverse needs of participants in the mortgage and fixed income capital markets. With expertise in asset management, valuation, risk management, trading, marketing and sales, MountainView is uniquely qualified to create value in all market conditions, and the firm continues to build on a longstanding commitment to offer a broad range of services.
Media Contact
Troy Rusniak | 303-870-8235 or trusniak@mvcg.com