Residential whole loan buyer and marketer MountainView Capital Group announced the sale of 149 jumbo 5/1 adjustable-rate mortgages with a total aggregate unpaid principal balance of $117 million.
The jumbo pool carries a weighted average FICO score of 768 and an average note rate of 3.307%.
Bids are due on June 5 at 1 p.m.
The weighted average age of the loan pool is 199 days, with an average debt-to-income ratio of 32%.
About 73% of the pool is made up of wholesale loans, with 15.3% classified as retail and 11.7% correspondent product.
"With pristine quality and clean performance, the loans are an exceptional opportunity to put money to work at a higher rate," said Robert Wellerstein, a managing director at MountainView Capital Group and the lead advisor to the seller. "Jumbo pools typically are not marketed nationally, and few of the recent deals have had this size."