Bids are being taken for three offerings that include mortgage servicing rights on nearly $5 billion in Fannie Mae, Freddie Mac and Ginnie Mae loans.
The first deal includes MSRs on approximately 10,704 fixed-rate FNMA first-lien mortgages that have an aggregate principle balance of $2.7 billion.
Nearly two-thirds of the properties that secure the residential loans are located in California, while no other state has a double-digit concentration.
On a weighted-average basis, the FICO is 781, the original loan-to-value ratio is 63 percent and the interest rate is 3.53 percent. The original term is 321 months, and the remaining term is 282 months.
None of the loans are delinquent.
Bids for the non-recourse servicing portfolio are due by March 8, according to MountainView Servicing Group LLC — which is marketing all three offerings.
The second offering is for MSRs on 4,887 FNMA and FHLMC mortgages for $1.250 billion.
Using weighted-average calculations, the original LTV ratio is
70 percent, the original term is 314 months, and the remaining term is 306 months.
More than a fifth of the properties securing the loans are located in California.
There are no delinquent loans in the offering.
Bids are due by March 3.
The weighted-average service fee for both of the first two offerings is 0.251 percent.
Finally, MountainView is offering MSRs on 4,356 GNMA II loans for $1.021 billion with a weighted-average service fee of 0.359 percent.
The weighted-verge FICO is
688, the weighted-average original LTV ratio is 94 percent, and the weighted-average interest rate is 3.94 percent.
On a weighted-average basis, the original term is 360 months, and the remaining term is 356 months.
Thirty-day delinquency was 1.12 percent as of the end of last month.
Bids are due by March 3.
Parties interested in bidding on any of the portfolios can contact MountainView Capital Holdings Vice President Marketing Troy Rusniak
by calling his office phone at 303.633.4739, his mobile phone at 303.870.8235 or by email at [email protected].
