MountainView Servicing Group is marketing $1.4 billion in Fannie Mae and Freddie Mac mortgage servicing rights, which are selling at a high premium these days.
Bids on this MSR bulk sale are due Thursday (Aug. 29) at 12 p.m. EST.
A year ago, high-quality GSE 30-year-fixed MSRs sold at three times the 25 basis point servicing fee. Today they are selling on average “slightly above four times the servicing fee,” according to analysts at MountainView.
“We continue to see upward price pressure on conventional and Ginnie Mae servicing,” said MountainView managing director Matt Maurer. “And this $1.4 billion conventional offering should be no different, given the portfolio’s low-weighted average interest rate and stellar loan performance,” he added.
The MSR pool has a weighted average interest rate of 4.11% and weighted average credit score of 765.
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MountainView Servicing Group is based in Denver.
