Servicing Rights for GSE Portfolio Worth $4.2 Billion For Sale


first_img The Best Markets For Residential Property Investors 2 days ago GSE Portfolios mortgage servicing rights MountainView Servicing Group 2015-01-06 Tory Barringer The new year brought with it a new mortgage servicing rights (MSR) opportunity for interested buyers: a substantial GSE portfolio valued at $4.2 billion in aggregate unpaid principal balance.According to MountainView Servicing Group, which is acting as facilitator for the sale, the portfolio is entirely made up of fixed-rate and first-lien product and features low delinquencies.The latest offering is the fourth billion-dollar-plus portfolio to be offered through MountainView in as many months.”We continue to see strong demand for the MSR asset,” said Matt Maurer, managing director at MountainView. “And given the quality of this collateral from a well-capitalized seller, we expect this offering to sell at a strong level as well.”Among other quality features, the portfolio has a weighted average original FICO score of 752, a weighted average original loan-to-value ratio of 75 percent, and a weighted average interest rate of 4.19 percent. The average loan size is $243,937.The majority of loans included in the sale are in California at about 51.3 percent, according to MountainView. Other top states include Arizona (8.0 percent), Texas (5.9 percent), and Colorado (5.2 percent).Bids are due Wednesday.  Print This Post Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Servicing Rights for GSE Portfolio Worth $4.2 Billion For Sale January 6, 2015 921 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily in Daily Dose, Featured, News, Secondary Market The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articlescenter_img Subscribe Tagged with: GSE Portfolios mortgage servicing rights MountainView Servicing Group Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Servicing Rights for GSE Portfolio Worth $4.2 Billion For Sale Share Save Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: LenderLive Network Welcomes New Chief Information Officer Next: HUD Secretary Castro to Speak at DC Luncheon on January 13 About Author: Tory Barringer The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img

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