MountainView Marketing $900 Million in Fannie MSRs

MountainView Servicing Group is marketing for an unnamed seller another Fannie Mae mortgage servicing rights portfolio, this one about $900 million in size.

The portfolio has a 55% California concentration, an average 762 Fair Isaac & Co. credit score and a 69% weighted average loan-to-value ratio.

The portfolio consists almost entirely of fixed-rate, first-lien, home loan product originated through an independent mortgage banker’s retail channel.

The low coupon MSRs are concentrated primarily in Western states, Robert Wellerstein, managing director at MountainView Servicing Group, said in a bid notice Friday.

The deadline for written bids is noon Eastern on Nov. 26.