InvestmentsMortgage

$1.25 billion bulk MSR portfolio hits the market

Underlying loans backstopped by Fannie Mae and Freddie Mac

A $1.25 billion bulk offering of mortgage servicing rights is available for sale, according to MountainView Servicing Group, a provider of residential mortgage servicing rights sales and valuation advisory services, which is advising on the sale.

According to MountainView, the MSR portfolio contains Fannie Mae and Freddie Mac loans, totaling $1,245,530,903 in unpaid principal balance.

The portfolio features 100% fixed-rate and first lien product, 100% retail production, 67% purchase originations, a weighted average original credit score of 748, a weighted average original loan-to-value ratio of 80%, a weighted average interest rate of 4.03%, and low delinquencies.

The average loan size is $226,625.

Top states for the portfolio are Utah (19.6%), Arizona (14.5%), California (14.4%) and Colorado (10.7%).

According to MountainView, bids for the portfolio are due on July 22.

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