Is it OK to gatecrash a Realtor’s open house?

Is it OK to gatecrash a Realtor’s open house?

Yes, but only if you follow this Reddiquette

CoreLogic: Home prices rose 6.9% annually in August

Forecasts calls for 4.3% growth by August 2016

TRID pushes industry into digital mortgages

eMortgages are the obvious choice
Servicing / The Ticker

$1.1 billion in Fannie Mae MSR portfolios hit market

white house and dollar

Denver-based MountainView Servicing Group is advising the sale of two mortgage-servicing right portfolios with a combined unpaid principal balance of $1.1 billion.

The first portfolio consists of $923 million of Freddie Mac and features 100% fixed-rate and first lien product.

Additionally, it includes a weighted average original FICO of 768, a weighted average original loan-to-value ratio of 72%, a weighted average interest rate of 3.66% and no delinquencies. The portfolio is geographically concentrated in California (35.1%), Virginia (7%), Washington (5.4%) and Arizona (5.2%).

The second portfolio is a $205 million Fannie Mae servicing portfolio, featuring a 96% fixed-rate and 99.8% first lien product.

The second portfolio is also made up of a weighted average original LTV of 71%, and a weighted average interest rate of 5.12%, with a heavy concentration in New York (81.4%), California (6.3%), New Jersey (4.7%) and Florida (2.5%).

“Over the last six months, we have marketed approximately 40 MSR portfolios consisting mainly of low-rate, conventional servicing,” said Matt Maurer, managing director at MountainView Servicing Group and the lead advisor on the sale.

“But this may be the lowest-rate portfolio of them all, with its weighted average 30-year fixed interest rate of 3.66%,” Maurer continued. 

Recent Articles by Brena Swanson

Comments powered by Disqus