Mortgage

$2.7 billion Fannie, Freddie MSR portfolio for sale

MountainView Servicing Group oversees the transaction

MountainView Servicing Group is the advisor for the sale of a Fannie Mae and Freddie Mac mortgage servicing rights portfolio with $2,738,563,642 of total unpaid principal balance.

The portfolio features 100% fixed-rate and first lien product, along with 100% retail production.

It also includes 80% purchase originations, a weighted average original FICO score of 746, a weighted average original loan-to-value ratio of 79% and a weighted average interest rate of 4.51%.

In addition, top states in the portfolio’s nationwide geography are California (17.6%), Arizona (16.4%), Utah (16.4%), and Colorado (9.7%). The portfolio’s average loan size is $207,263.

“Given the portfolio size and the fact that it’s 100% retail and 80% purchase servicing, we expect a large amount of interest,” said Matt Maurer, managing director at MountainView Servicing Group. “We have marketed a lot of portfolios and rarely come across portfolios with this much purchase concentration.”

All bids for the portfolio are due by Dec. 18. 

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