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Servicing / The Ticker

$2.4B Fannie Mae MSR sale hits the market

MountainView Servicing Group serves as advisor

dollar zoomed in

MountainView Servicing Group announced Friday that it is the advisor on a massive sale of Fannie Mae mortgage-servicing rights.

The portfolio up for grabs has a total unpaid principal balance of $2.4 billion.

The MSR pool features 100% first-lien and 99.7% fixed-rate product mortgages, a weighted average interest rate of 3.69% and no delinquencies.

In addition, the portfolio has an average loan size of  $265,833 and geographic concentrations in Washington, 75.1%, Oregon 7.6% and Arizona 6.9%.  

"Given that this low-rate Fannie Mae servicing portfolio is being offered by a 100 percent retail mortgage bank with a high net worth, we expect the portfolio to trade at the top of the market," said Matt Maurer, managing director at MountainView Servicing Group and the lead advisor on the sale.

Bids for the portfolio are due Feb. 6 at 3 p.m. EST. 

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