Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"
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