$3 Billion Fannie Mae MSR Portfolio Hits Market


Denver (May 15, 2014) – MountainView Servicing Group, a leading provider of residential mortgage servicing rights transaction and valuation advisory services, today announces the offering of a $3 billion Fannie Mae bulk MSR portfolio. MountainView is the exclusive sale advisor to the seller, who is seeking to retain servicing operations on the loans.

Quality features of this portfolio include 100 percent fixed-rate and first lien product, a weighted average original FICO of 770, a weighted average original loan-to-value ratio of 78 percent, a weighted average interest rate of 3.73 percent, no delinquencies, and an average loan size of $259,995.

Top states for the portfolio are Washington (86.3 percent), Hawaii (6.9 percent), Oregon (3.4 percent), and Idaho (2.2 percent).

The seller prefers to retain servicing operations on the loans through a subservicing agreement with the buyer but will also consider a traditional servicing-released transaction.

“There have been only a handful of MSR transactions in which the seller remained as a subservicer,” said Robert Wellerstein, managing director at MountainView Servicing Group and the lead advisor on the sale. “However, we expect an above-average number of bidders on this offering, because there are many new entrants to the market – prospective investors – who are drawn to the potential yields on the MSR asset but don’t have their own servicing operations.”

Bids for the portfolio are due May 22.


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, having valued 1,006 portfolios, with unpaid principal balance of approximately $6.5 trillion, for 256 clients in 2013, including 18 of the 20 largest servicers. The company is also among the top three advisors for MSR deals, having advised on 102 transactions involving portfolios with over $420 billion of UPB during 2013, participating on the sellside or buyside in approximately 80 percent of the deals brought to market.


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