MountainView Servicing Group LLC, Denver, is exclusively managing the sale of two portfolios of servicing on loans with a total unpaid principal balance of $369 million.
One portfolio contains Fannie Mae/Freddie Mac servicing on loans with a total UPB of $237 million. The other contains servicing for agencies and private investors on loans with $132 million of total UPB.
The $237 million portfolio consists of fixed-rate, first lien product with an average original credit score of 770, an average original loan-to-value ratio of 66.4% and an average loan size of $322,682. The bid deadline is Feb. 19.
The $132 million portfolio also contains first-lien product, but it is seasoned and 95% of it is fixed rate. It has an average original credit score of 684, average original LTV of 83.8%, average loan size of $78,519, average interest rate of 5.88%, 0.323% average servicing fee, and 30% delinquency, which may appeal to high-touch servicers. The bid deadline is Feb. 20.
The MSR market has been active, with recent bulk offerings averaging five bids, Robert Wellerstein, managing director at
