MountainView Servicing Group, Denver, is auctioning off a $485 million portfolio of mortgage servicing rights backed by Fannie Mae loans.
Processing Content
The seller's identity was not disclosed.
Most of the package is backed by fixed-rate loans. The weighted average coupon is 4.67%, and has an overall delinquency rate of 2.21%. The average FICO score on the loans is 761. Bids are due by September 7.
The company also is selling a $45 million portfolio of Ginnie Mae servicing rights that is top-heavy with California loans.
