Denver, Colo.-based MountainView Servicing Group, a provider of residential mortgage servicing rights transaction and valuation advisory services, is overseeing the sale of $201 million in mortgage servicing rights tied to Fannie Mae loans.
The portfolio includes a 99.6% fixed-rate, 100% first-lien products and a weighted average original FICO score of 758.
Additionally, it features a weighted average original loan-to-value of 70%, a weighted average interest rate of 4.03% (4.17% on the 30-year, fixed-rate product) and low delinquency rates.
The average loan size is $287,035 and is geographically concentrated in key areas, with 70.2% of the loans tied to California, 29.5% linked to Colorado and 0.3% attached to Florida.
"With the latest move up in rates, this low-rate servicing portfolio should garner strong interest," says Matt Maurer, managing director at MountainView Servicing Group.
"California historically is a fast prepayment state for servicing; however, for out of the money or below par-rate servicing, California prepayment speeds move toward the national average," Maurer added.