“One of the things we’re very focused on and I’ve been pretty vocal about is doing term financing on as much of our business as we possibly can,” Michael Nierenberg, New Residential’s chairman, president and CEO.
To date, Fannie has upstreamed $179.0 billion in quarterly dividends to Uncle Sam versus assistance draws of $118.9 billion, giving it an account surplus of $59.2 billion...
At Dec. 31, MetLife held approximately $11.74 billion in whole loans. In the past, the life insurer had focused on seasoned mortgages, but two years ago started buying newly-originated prime and near-prime mortgages.
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