$2.8B Fannie, Freddie, Ginnie Mae bulk MSR portfolio hits market
Features low delinquencies
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.