“Independent mortgage bankers, venture capital firms and commercial banks are all looking to buy,” said Larry Charbonneau of Charbonneau & Associates, Houston.
One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation?
New Residential Investment Corp. is pulling an about-face, of sorts. After issuing new shares of common earlier in the year, it’s now embarked on a $200 million buyback program.