MountainView Marketing More Fannie MSRs

MountainView Servicing Group put another $152 million in Fannie Mae mortgage servicing rights up for bid on behalf of an unnamed seller.

Servicing rights have been “aggressively bid,” making them attractive to lenders facing revenue declines from the production slump, said Matt Maurer, managing director, MountainView, in a bid notice Monday.

The portfolio contains 100% retail, first-lien home loans with about a 40% California concentration.

The MSRs have a weighted average interest rate of 3.66%, or 3.9% on the fixed-rate product.

It also has a $286,682 average loan size, and other state concentrations in New Jersey (33%) and Florida (14%).

The portfolio’s bid deadline is 2 p.m. Eastern on Nov. 20.

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