Fannie, Freddie $10B MSR Portfolio Up for Sale

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A Freddie Mac and Fannie Mae mortgage servicing rights portfolio with approximately $10 billion of unpaid principal balance is now on the market.

Nearly one-quarter of the portfolio’s mortgages are located in California, while 12% are in Colorado and 7% are in Washington. The average loan size is $232,719 with an average loan age of 24 months.

The portfolio, which has a low delinquency rate, features an average FICO score of 763, an average loan-to-value ratio of 75%, and an average interest rate is 3.82%.

“This portfolio gives buyers a rare opportunity to buy a large amount of discount and par rate servicing,” said Robert Wellerstein, managing director at MountainView Servicing Group.

Bids for the portfolio, which includes 100% fixed-rate and first-lien products, are due by April 13.

MountainView Servicing Group, who is advising this transaction, said the undisclosed bank wants to retain servicing on the mortgages through a sale with a subservicing agreement but will consider a traditional sale.


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