MountainView Offering $2.5 Billion Fannie And Freddie MSR Portfolio

Posted by Patrick Barnard on July 29, 2014 No Comments
Categories : Mortgage Servicing

MountainView Servicing Group reports that it is facilitating the sale of a $2.5 billion Freddie Mac and Fannie Mae mortgage servicing rights (MSR) portfolio.

The portfolio includes 94% fixed-rate and first-lien product; a weighted average original FICO of 755; a weighted average original loan-to-value ratio of 70%; a weighted average interest rate of 3.54%; and no delinquencies. The average loan size is $226,161.

Top states for the portfolio are California (11.6%), Virginia (10.2%), Washington (8.5%) and North Carolina (7.4%).

Bids are due July 31.

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