An independent mortgage bank will sell a mortgage servicing rights portfolio with $4.2 billion in unpaid principal balance, an advisor to the transaction announced this week.
Processing Content
MountainView, a Denver-based servicing advisory company, has been contracted by the unidentified company to advise on the deal.
The portfolio will be 100% fixed-rate mortgages owned or guaranteed by Fannie Mae and Freddie Mac with a weighted average FICO score of 752. MountainView says the average loan size is about $244,000.
