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What We’re Hearing

January 10, 2013

Inside Take:

As we noted earlier in the week, Bank of America will sell plenty more in the way of residential mortgage servicing rights this year. But how much more? According to the new issue of Inside Mortgage Finance, how does upwards of $400 billion sound? Will PennyMac be a buyer this time around?

We know that BofA is a repo lender to PennyMac and that over the past year the publicly traded REIT has hired many former bank employees, including correspondent and warehouse officials. Stay tuned and see the story on the IMF website.

 

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Poll

Over the next six months we plan to hire this many more additional loan officers:

1 to 10 (We're being careful.)

31%

11 to 30 (We're optimistic.)

10%

More than 30 (We're in a growth mode as the banks get out.)

31%

We're cutting back. (Are you nuts? It's ugly out there.)

29%

Housing Pulse