MountainView Closes $472 Million FNMA MSR Deal
Denver (October 31, 2011) – MountainView Servicing Group has completed the sale of a $472 million package of mortgage servicing rights for Fannie Mae loans. The package of MSRs was primarily for prime fixed-rate mortgages in California. The loans had an average coupon of 4.50% and an overall delinquency rate of 0.25%.
“We were pleased to be able to connect our seller to a counterparty who has a strategic plan to grow its servicing portfolio and who was willing to bid without requiring bifurcation of representations and warranties,” said Matt Maurer, senior vice president at MountainView Servicing Group.
The seller was an independent mortgage company and the buyer was a bank-owned mortgage lender with a national footprint. This package was one of six marketed by MountainView in September.
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