Did little-known Arizona law start the appraiser death clock?

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
W S
Servicing

Big MSR swap with MountainView offering millions in agency product

Advisory firm MountainView Servicing Group is managing the sale of a $755 million Fannie Mae servicing portfolio along with another portfolio comprised of $395 million in Fannie Mae and Freddie Mac loans.

About 99.8% of the Fannie Mae servicing portfolio is made up of fixed-rate first-lien products, carrying a weighted average FICO score of 737 and a weighted average loan-to-value ratio of 74.5%.

The MSR deal includes the rights to 7,836 loans with a weighted average interest rate of 5.08% and an average unpaid principal balance of $96,348.

Meanwhile, the $395 million MSR offering is tied to 1,561 Fannie Mae and Freddie Mac loans and a portfolio that includes $342 million of HARP servicing, MountainView Servicing said.

Other quality features of the portfolio include an average original FICO of at least 745, a weighted average LTV of 117% and a weighted average interest rate of 3.91% along with a 0.19% delinquency rate.

In addition, it includes an average unpaid principal balance of $253,531.

Recent Articles by Kerri Panchuk

Comments powered by Disqus