MountainView Offers $262 Million FNMA Bulk Servicing Portfolio
Denver (April 26, 2011) – MountainView Servicing Group today announced its role as the exclusive sale advisor on the offering of a $262 million Fannie Mae bulk servicing portfolio. The geography of the portfolio is western states, with 88% of the mortgages in California.
Robert Thal, a managing director at MountainView, said this is a relatively high-quality servicing portfolio. The product is 100% fixed-rate mortgages, the average loan balance is $279,108, the weighted average interest rate for 30-year mortgages is 4.79%, and the overall delinquency rate is 0.43%.
The firm is accepting bids until Thursday, April 28 at 12:00 pm EDT. The seller seeks a May 31 sale date and is flexible with the transfer date.
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