MountainView Servicing Group said it has completed the sale of a $442 million package of Fannie Mae bulk servicing rights.

The seller is an independent nonbank lender that sold the receivables to a bank affiliate. The brokerage firm declined to identify either party.

The underlying loans have an average coupon of 4.5% and a delinquency rate of just 0.25%.
In a statement MountainView said the package is one of six marketed by the firm in September.

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