Who is Nat Hardwick?

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution
W S
Servicing / The Ticker

MountainView advises $2.2B sale of Ginnie Mae MSRs

/ Print / Reprints /
| Share More
/ Text Size+

MountainView Servicing Group will act as the exclusive sale advisor for a $2.2 billion Ginnie Mae mortgage-servicing portfolio, according to the company. 

The portfolio includes 11,400 loans with a weighted average interest rate of 3.76% overall, and weighted average interest rate of 3.91% on the 30-year, fixed-rate product.

Additionally, the portfolio contains all-in delinquencies of 7.12%, an average loan size of about $189,000, and is tied to assets in various U.S. states.

Texas leads the way, accounting for 13.2% of the national geographic concentration, followed by California and Georgia.

"This geographically diverse Ginnie Mae servicing portfolio is being offered with VA loss exposure protection," said Derek Katz, the lead advisor to the seller and managing director of MountainView.

He added, "This protection, along with slower-than-average expected speeds related to the concentration of VA and FHA refinances, makes the portfolio appealing to a buyer." 

The seller prefers an all-in bid and sale date no later than May 31. 

Recent Articles by HousingWire Staff

Comments powered by Disqus