The mortgage M&A market is heating up and not just in the lending space. Moreover, a large insurance company is contemplating an entry into the business.
Ginnie Mae issuers may buy out mortgage loans that are due but unpaid for four consecutive installments even if the borrower has made partial payments.
Analysts at Bank of America Merrill Lynch and elsewhere cite evidence of a creeping goal line to move back by 12 months the June 1, 2009, cut-off date for HARP eligibility.