Valuation

Q&A on MountainView's new 'Enhanced Daily Marks' solution

Q&A on MountainView's new 'Enhanced Daily Marks' solution

MountainView Financial Solutions, a Situs company and a leading advisor to the financial services industry, announced Monday that it has expanded its asset valuation solution to include Enhanced Daily Marks for a range of hard-to-value Level 2 and Level 3 assets. We interview Chris Kennedy, Managing Director, to learn more about the solution.

Q: MountainView has traditionally provided valuation services on a monthly or quarterly basis. Do the company’s current clients need more frequent marks?

MSR portfolio hedging left asset values unchanged in Q3

MSR portfolio hedging left asset values unchanged in Q3

Risk management activities for 14 of the largest holders of residential mortgage servicing rights (MSR) held asset values flat for the third quarter of 2018, according to the MSR Industry Report released last week by MountainView Financial Solutions, a Situs company. The largest gain among the 14 companies was 3.6% and the largest loss was -5.6%.

MBA conference session spotlights MSR valuation best practices

MBA conference session spotlights MSR valuation best practices

With the rewards of investing in the residential mortgage servicing rights (MSR) asset come significant accounting and management challenges. Many of those challenges are based on how frequently the asset can change in value and the overall opaqueness of what’s causing the change in value.

Frequent valuations can be essential for pre-recession risk management of CMBS B-pieces

Frequent valuations can be essential for pre-recession risk management of CMBS B-pieces

Rising values for commercial real estate (CRE) have supported prices for commercial mortgage-backed securities (CMBS) for years. But with increasing talk about a cyclical peak in property values, or even a recession within the next couple of years, CMBS investors as a whole and B-piece investors in particular are starting to think about how they can prepare for the possibility of price declines.

Prices in the MSR market are strong — for pristine portfolios

Prices in the MSR market are strong — for pristine portfolios

“Strong” is an adjective frequently used to describe the prices paid for residential mortgage servicing rights (MSRs) in recent months. Beyond the glimmer, however, is the reality that only specific slices of overall portfolios are trading very well, and a lot of MSRs out there are not going to market, according to advisory firm MountainView Financial Solutions, a Situs company.

Geography quiz: where are residential mortgages prepaying the fastest and slowest?

Geography quiz: where are residential mortgages prepaying the fastest and slowest?

The seven states with the fastest prepayment rates for home mortgages are all in the West – Idaho, Colorado, Arizona, Utah, Washington, Nevada and Oregon. That’s according to a report issued by MountainView Financial Solutions, a Situs company, for the 12-month period ending April 30.

What drives valuations of re-performing residential whole loans?

What drives valuations of re-performing residential whole loans?

Re-performing loans (RPLs) are defined as loans in which payments had previously ceased for at least three months but have been consistently made for the past 12-24 months. New buyers of RPLs and longtime holders of the assets continue to question how best to quantify the risks associated with loan performance and how that translates into pricing. Both investors continue to evaluate their prepayment, default and loss assumptions in the context of a tightening market over the past 18 months, particularly when portfolios have loans with such varied characteristics and performance history.