And some point, it stands to reason that the U.S. Treasury Department would hire an investment banking firm with a specialty in Washington matters to assist in a recap and release plan…
Mortgage-investing real estate investment trust New Residential Investment Corp., New York, informed the ailing Ditech Financial that it plans to terminate its roughly $83.7 billion subservicing contract.
Depending on what type of Fannie Mae/Freddie Mac reform occurs in the next few years, there’s a growing concern in the market that foreign investors — and others — may shy away from their MBS unless there’s an explicit guarantee on the securities.
Nonbanks were the top buyers and sellers of bulk mortgage servicing portfolios last year, according to a tally from affiliate publication Inside Mortgage Trends. [Includes one data chart.]
The Trump administration pulled an about-face on reform of the government-sponsored enterprises, with the White House declaring mid-week that it will work with Congress on a legislative solution to Fannie Mae and Freddie Mac.
One of those powers, according to the filing, is: “The adoption of an agreement of merger or consolidation or the adoption of a certificate of ownership or merger.”