Lending Servicing The Ticker

$2.8B Fannie, Freddie, Ginnie Mae bulk MSR portfolio hits market

Features low delinquencies

money

Another batch of mortgage rights hit the market, with a $2.8 billion Fannie Mae, Freddie Mac and Ginnie Mae bulk MSR now for sale.

MountainView Servicing Group, a residential mortgage servicing rights sale and valuation advisor, is advising on the sale.

The portfolio features a weighted average original credit score of 733, a weighted average original loan-to-value ratio of 70% and a weighted average interest rate of 3.94%.

In addition, the portfolio also has low delinquencies, an average loan size of $287,798 and a geographic concentration in California (79.6%).

The servicing is on 99% fixed-rate and 100% first-lien product.

Bids for the offering are due on Feb. 17. The seller, an independent mortgage bank, will accept bids on the entire portfolio or by agency. 

Reprints

Services Guide

Comments powered by Disqus