Roughly 75 percent of the loans will come from Georgia and will be top heavy in retail product.

Chuck Klein, managing partner of Mortgage Banking Solutions, is engaged in roughly 12 transactions. “I think at least six of those will close,” he said.

“BofA did a poor servicing job for us,” said Ginnie Mae President Ted Tozer.

A few months back, merger talks between Prospect and Caliber Home Loans broke down. To date, both companies have declined to discuss the matter.

Written bids are due by Wednesday, Aug. 27 with the closing coming by the end of October. LoanCare is listed as the subservicer.

Altisource shareholders are not happy campers these days. The firm’s stock is trading at $91 compared to a 52-week high of $171.

A fair question to ask is this: If DOJ goes after Mozilo, why not go after the owners of Ameriquest/Argent which created so much of the faulty subprime product that Greenwich securitized?

Most servicing advisors – and stock analysts – continue to believe Ocwen will complete the Wells deal, probably sometime this fall. “Who else is willing to buy it?” said one source.

Franchise deals – where stock and licenses change hands – could dominate the M&A market for the remainder of the year.

The average loan officer makes a $4,000 commission on each reach reverse mortgage they originate. Really?