MountainView Offers $485 Million FNMA Servicing Portfolio
Denver (August 31, 2011) – MountainView Servicing Group today announced its role as the exclusive sale advisor for a $485 million Fannie Mae servicing portfolio. The portfolio is 99% fixed-rate loans, primarily located in Illinois, with a weighted average interest rate of 4.67%, an overall delinquency rate of 2.21%, weighted average FICO scores of 761 and a weighted average servicing fee of 0.30%.
Robert Wellerstein, a managing director at MountainView, said bids on the portfolio are requested by September 7.
MountainView is also marketing a $45 million portfolio of Ginnie Mae servicing rights. The portfolio is 100% fixed-rate loans, with the largest geographic concentrations in California (78.8%) and Texas (7.4%), a weighted average interest rate of 5.43%, a weighted average age of 1.8 months and a weighted average servicing fee of 0.37%. The seller is requesting bids by September 7 and is also interested in setting up a Ginnie Mae flow relationship.
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