Dustin Johnson levels blockbuster claims at title attorneys

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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