Public mention of the Treasury memo was first made earlier this month by former Solicitor General Ted Olson at a GSE shareholders rights advocacy forum in Washington.
Matt Monahan is expected to aid HL as it tries to take advantage of a red hot market for servicing sales. A former deal maker at Cohane Rafferty Securities, he will beef-up HLs mortgage sales force.
Two nonbanks among the top five servicers now control almost 9 percent of the residential receivables market. Should regulators be worried? Should the MBA?
In an email exchange with IMFnews, RFC's Stein confirmed the sale, but declined to provide any details including the size of the MSRs or the purchase price.