Another batch of mortgage rights hit the market, with a $2.8 billion Fannie Mae, Freddie Mac and Ginnie Mae bulk MSR now for sale.

MountainView Servicing Group, a residential mortgage servicing rights sale and valuation advisor, is advising on the sale.

The portfolio features a weighted average original credit score of 733, a weighted average original loan-to-value ratio of 70% and a weighted average interest rate of 3.94%.

In addition, the portfolio also has low delinquencies, an average loan size of $287,798 and a geographic concentration in California (79.6%).

The servicing is on 99% fixed-rate and 100% first-lien product.

Bids for the offering are due on Feb. 17. The seller, an independent mortgage bank, will accept bids on the entire portfolio or by agency. 

About the Author

Most Popular Articles

Housing market flashing recession signal

The housing market is signaling there will be an economic recession by the 2020 election, according to Benn Steil, director of international economics at the Council on Foreign Relations.

Oct 11, 2019 By

Latest Articles

Foreclosure activity drops to lowest level since 2005

Foreclosure activity sank in the third quarter of 2019, dropping to the lowest level in nearly 15 years, according to the latest report from ATTOM Data Solutions. Foreclosure activity in the third quarter fell 19% from a year ago to the lowest level since the second quarter of 2005, a 13-year low.

Oct 16, 2019 By