A portfolio of performing and non-performing residential loans that are currently included in a mortgage securitization is on the market.
The offering is for whole loans and real-estate-owned
assets with an aggregate principal balance of approximately $145 million.
Included in the pool are two sub-pools. This first sub-pool consists of
performing and re-performing single-family loans with a total balance of around $104 million.
The second sub-pool
is comprised of non-performing single-family loans and REO assets for roughly $41 million.
All of the loans are in first-lien position.
MountainView Capital Group, which is advising on the deal, announced the offering Thursday.
The news release indicated that
the offering is a liquidation of loans currently held in FBR Securitization Trust 2005-1. MountainView is the trust’s exclusive liquidation agent.
The bid deadline is Nov. 12.
Interested parties can contact Troy Rusniak at 303.870.8235 or [email protected].
