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Servicing / The Ticker

Fannie offloads $1.3 billion in MSRs

white house and dollar

MountainView Servicing Group is advising the sale of a Fannie Mae mortgage-servicing right portfolio with a total unpaid principal balance of $1.26 million, the company said this week.

The portfolio features interest rates significantly below current market rates.

In addition, it is comprised of 100% retail origination and is geographically concentrated in mid-Atlantic states.

Bids for the portfolio must be received by Jan. 28, at 5:00 p.m. EST. 

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