MountainView Offers GNMA FHA MSR Flow
Denver (July 7, 2011) – MountainView Servicing Group is the exclusive sale advisor on the forward bulk/co-issue of approximately $25 million to $50 million per month of Ginnie Mae I and II mortgage servicing rights. Bids on the offering are due July 13 at 5:00 pm Eastern Standard Time.
“This offering consists of 100% FHA loans with an average balance of $221,000 and average FICO score of 692,” said Matt Maurer, vice president at MountainView Servicing Group. “The production is 100% wholesale; the lead states are California, Virginia, Maryland and Texas; and the collateral is 86% single-family residences with no manufactured housing.”
The seller is not being identified and is open to securitizing on a co-issue/forward bulk basis all of its $75 million to $80 million of monthly FHA production.
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