MountainView Capital Group, a provider of residential whole loan sales advisory services, is acting as advisor on the sale of a whole loan and real estate owned (REO) properties pool with a roughly $145 million total balance.
During the first two quarters of this year, MountainView Capital closed 185 deals involving $856 million of unpaid principal balance.
This particular offering is a liquidation of the mortgage assets currently held in FBR Securitization Trust 2005-1.
According to the company, the pool is divided into two sub-pools: one contains performing and re-performing single-family residential mortgage loans, with a total balance of approximately $104 million, and a second sub-pool contains nonperforming single-family residential mortgage loans and REO, with a total balance of roughly $41 million. All loans are in first-lien position.
Bidders are not required to bid on both sub-pools. The deadline is Nov. 12.