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Big GSE MSR Portfolio Being Offered

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A portfolio of mortgage servicing rights on nearly $2 billion in first-lien government-sponsored enterprise home loans is being offered for sale.

As of July 31, the residential loans that are behind the MSRs numbered 10,227, while the aggregate principal balance stood at $1.919 billion.

Based on weighted-average calculations, the service fee is 0.251 percent, the interest rate is 3.96 percent and the remaining term is 295 months.

The offering is being made by MountainView Servicing Group LLC,
the exclusive sale advisor.

The weighted-average FICO score is 738, and the weighted-average original loan-to-value ratio is 76 percent.

Thirty-day delinquency, including foreclosures and bankruptcies, is 1.07 percent.

All of the loans are in first-lien position.

FHLMC ARC loans account for $1.116 billion of the offering, and $0.803 billion are FNMA A/A mortgages.

California is where 17 percent of the properties securing the loans are located,
and Texas is the location of 10 percent. There are no other states with a double-digit concentration.

Bids on the non-recourse portfolio are due by Aug. 24.

The seller prefers a Sept. 30 sale date and is flexible about the transfer date.

Interested bidders can contact Troy Rusniak at 303.870.8235 or [email protected].

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