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MountainView Manages Sale of MSR Portfolios Totaling $369M

""MountainView Servicing Group"":http://mvch.com/ announced it is managing the sale of two MSR portfolios totaling $369 million.


One loan contains $237 million of total unpaid principal balance (UPB) and another $132 million of total UPB.


According to a company release, the $237 million portfolio contains 100 percent fixed-rate and 100 percent first-lien products with an average credit score of 770, an average original loan-to-value (LTV) ratio of 66.4 percent, and an average loan size of $322,682.

The $132 million portfolio contains 95 percent fixed-rate and 100 percent first-lien products, with an average original credit score of 684, average original LTV of 83.8 percent, and average loan size of $78,519. The portfolio has a 5.88 percent average interest rate, 0.323 percent average servicing fee, and 30 percent delinquency, making it more suitable for high-touch servicers.

""These sellers are taking advantage of the strong demand we are seeing in the MSR market,"" said Robert Wellerstein, managing director at MountainView, in a release. ""Our recent bulk offerings have averaged five bids and we expect that number to grow over the upcoming months.""

Headquartered in Denever, MountainView is a wholly owned subsidiary of MountainView Capital Holdings and has been a residential mortgage servicing rights sale and valuation advisor since 1989.