MountainView Servicing Group brought $369 million in mortgage servicing rights to market, the company said in a statement Thursday.
One of the servicing portfolios includes Fannie and Freddie loans with a total unpaid principal balance of $237 million, while the second portfolio contains the servicing rights for both agencies and private investors with an unpaid principal balance of $132 million.
"The $237 million portfolio is new production, 100% fixed-rate and 100% 1st-lien product with an average original credit score of 770, average original loan-to-value ratio of 66.4% and average loan size of $322,682," MountainView Servicing Group. "Bids for the portfolio are requested by February 19."
The $132 million portfolio contains 95% fixed-rate and 100% first-lien product with an average credit score of 684 at origination, as well as an average loan-to-value ratio of 83.8% and an average loan size of $78,519. "This portfolio has a 5.88% average interest rate, 0.323% average servicing fee and 30% delinquency, making it ideal for high-touch servicers. Bids for the portfolio are requested by February 20," MountainView Servicing said.