The Prestwick Group is selling a Fannie/Freddie $167 million bulk deal with a monthly flow component of $15 million to $20 million.

An outside public relations representative for RoundPoint said the company does not comment on M&A rumors.

To understand the plight of the publicly traded REO vendor, you first have to understand where it came from...

In some cities, future price gains may be hard to come by, especially if home flippers and investors bolt.

Loan modification tactics varied based on whether a mortgage was serviced for Fannie/Freddie or was non-agency in nature.

Few lenders are counting on a reduction in the current “ongoing” GSE fee, which increased from 13 basis points in 2009 to 40 bps in 2013.

The selling depository – which MVSG did not name – prefers to retain servicing, but will consider an outright sale.

So, how come Freddie has conducted a handful of NPL sales thus far and Fannie Mae has not?

Ocwen Financial pushed back this week against claims from large investors that have worked to remove the nonbank as servicer on 119 non-agency MBS. “By all indications, the holders employed unsupportable assumptions and manipulated their analysis to advance their agenda,” Timothy Hayes, an executive vice president and general counsel at Ocwen, wrote in a letter to the trustees of the MBS in question. The letter was a response to claims made ...

In 2014, Freddie Mac securitized $6.983 billion of re-performing mortgages, double what it did the year prior, and a sign that this niche market is heating up. As for Fannie Mae’s participation in “re-performers,” that’s a different matter entirely. The government-sponsored enterprise has yet to stick its toe in the water, though a spokesman for the company told Inside MBS & ABS that “it’s something we continue to evaluate.” But just how hot might the sector get ...