MountainView Advises Sale of $2.8B Fannie, Freddie Servicing Portfolio

MountainView Servicing Group in Denver is the exclusive adviser for the sale of a nonrecourse servicing portfolio of Fannie Mae and Freddie Mac loans.

The portfolio carries $2.8 billion of unpaid principal balance. Bids for the sale are due Aug. 30, MountainView said Tuesday, and loan level data is available upon request.

The portfolio is completely composed of fixed-rate, first-lien product from retail production. Additionally, nearly three-quarters of the portfolio is purchase loans, and the average loan size is $223,765.

The weighted average interest rate is 4.26% for the full portfolio and 4.32% for the 30-year fixed-rate product, and the weighted average original loan-to-value ratio is 81%. The weighted average original FICO credit score is 739.

MountainView also noted that the portfolio has low delinquencies. Slightly more than a fifth of the loans are located in Utah, while just below a fifth are in Arizona.

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