MountainView Offers Up MSR Package

MountainView Servicing Group, Denver, is brokering a $129 million package of servicing rights guaranteed by the Government National Mortgage Association.

The portfolio includes 566 home mortgages, most of which are fixed-rate in nature.

The seller of the MSRs was not identified.

About half the loans were funded through retail branches, the balance coming through third-party mortgage brokers.

The loans are 14 months seasoned and spread throughout the U.S., MVSG said. The bid deadline is Tuesday, January 31.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_522/mountainview-msr-package-1028487-1.html

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