MountainView Capital Group reports that it recently facilitated the sale of a residential whole loan portfolio with unpaid principal balance (UPB) of $60 million on behalf of ResCap Liquidating Trust.
The portfolio was sold servicing released; had national geography; and consisted of performing, re-performing and non-performing first and second liens, MountainView says in a press release.
‘Given the size and composition of the portfolio, these assets attracted a very diverse group of whole loan buyers,’ says Jonas Roth, managing director at MountainView and the lead advisor on the sale. ‘A total of 25 bids were received across the entire portfolio.’
‘The portfolio was representative of what we saw trade throughout 2013. Sales by financial institutions, government-directed sales and fund-to-fund trades will create the supply in 2014, while hedge funds, investment banks, private equity funds and new investors to this space will provide liquidity for both large and small portfolios,’ adds Roth. ‘Aggressive pricing will continue as buyers continue to compete for performing and non-performing residential assets.’