MountainView Servicing Group, Denver, is offering for auction three small packages of mortgage servicing rights with the deals expected to close by year-end.
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MVSG would not disclose the identity of the sellers. The packages range in size from $62 million to $120 million.
The product is tied to loans purchased or guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association.
Rod Schluter, managing director for MVSG, said the selling is motivated by banks that want to exit markets that are not in their company "footprint" or states they may not be licensed to service in.
