MountainView Servicing Group reports that it is facilitating the sale of a $2.5 billion Freddie Mac and Fannie Mae mortgage servicing rights (MSR) portfolio.
The portfolio includes 94% fixed-rate and first-lien product; a weighted average original FICO of 755; a weighted average original loan-to-value ratio of 70%; a weighted average interest rate of 3.54%; and no delinquencies. The average loan size is $226,161.
Top states for the portfolio are California (11.6%), Virginia (10.2%), Washington (8.5%) and North Carolina (7.4%).