A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...
Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.
The recent departures at Nationstar began in May when the company revealed that Executive Vice President and Chief Strategy Officer David Hisey would leave the lender/servicer in mid-June.
Bond investing giant Pacific Investment Management Co., commonly known as PIMCO, is getting more serious about buying a mortgage franchise and has zeroed in on a mid-sized nonbank, according to industry officials who claim to have knowledge of the talks. But it’s not mortgage banking, per se, that PIMCO is ultimately interested in – it’s the MBS market. “PIMCO has been in the MBS game for many years, so I would think this is possible,” said industry consultant Paul Hindman. Hindman has...