MountainView Offers $129 Million GNMA Servicing Portfolio
Denver (January 24, 2012) – MountainView Servicing Group today announces its offering of a $129 million portfolio of Ginnie Mae mortgage servicing rights. The servicing portfolio is comprised of 566 loans that are 99% FHA fixed-rate mortgages. Approximately 50% of the portfolio is retail origination and the other half is through third-party brokers. The loans are 14 months seasoned and spread throughout the United States.
MountainView is the exclusive sale advisor for this portfolio. The firm is accepting bids until 12:00 pm Eastern Standard Time on Tuesday, January 31.
About MountainView Servicing Group
Since 1990, 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 residential mortgage servicing rights. In 2011, MountainView Servicing Group advised parties in merger and acquisition transactions involving servicing portfolios of more than $150 billion of total unpaid principal balance. The firm was also the leading provider of MSR valuation advisory services in 2011, valuing 649 portfolios for more than 140 different clients, including 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