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.

About the Author

Most Popular Articles

Freddie Mac: Mortgage rates reverse course from last week’s low

This week, the average U.S. fixed rate for a 30-year mortgage jumped to 3.69%. That’s still more than a percentage point lower than the 4.85% of the year-earlier week.

Oct 17, 2019 By

Latest Articles

Embrace Home Loans names new senior vice president, retail and direct sales

Embrace Home Loans, a Rhode Island-based mortgage lender, announced this week that longtime employee Ryan “Buddy” Hardiman is being promoted to senior vice president of retail and direct sales.

Oct 18, 2019 By