MountainView Servicing Group, a residential mortgage servicing rights sales and valuation advisor, is brokering the sale of a multibillion-dollar Freddie Mac and Fannie Mae mortgage servicing rights portfolio. The name of the seller was not disclosed.
The company will collect bids for the portfolio that includes approximately $3 billion of unpaid principal balance until Feb. 19, the company announced Thursday.
The servicing portfolio features a weighted average original FICO score of 755 and a weighted average interest rate of 3.9%.
Additionally, the MSR portfolio's weighted average loan-to-value ratio comes in at 80%. The average loan size within the portfolio is $203,106.
"This portfolio's above-average amount of expected escrow balances provides a buyer with additional upside potential," said Matt Maurer, managing director at MountainView Servicing Group, in a Feb. 12 press release.Within the portfolio, 21% of the loans are located in Texas. New Jersey, Illinois and Georgia also make up a sizeable share of the portfolio's locations.
MountainView Servicing Group is a subsidiary of Denver-based MountainView Capital Holdings.