Robert Wellerstein, managing director at MountainView, said in a press release that the offering is unusual because jumbo pools typically are not marketed nationally and few of the recent deals have had this size.
The pool has a weighted average Fair Isaac & Co. credit score of 768, a weighted average loan-to-value ratio of 67%, and a weighted average debt-to-income ratio of 32%. The weighted average loan age is 199 days and the production is 73% wholesale, 15.3% retail and 11.7% correspondent.
Bids for the pools are due June 5 at 1 p.m. Eastern Daylight time.
