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Home » Store » Non-Agency MBS » Sale of ResCap’s Non-Agency Holdings Expected

Sale of ResCap’s Non-Agency Holdings Expected

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Non-Agency MBS

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Continuing financial problems at Ally Financial’s Residential Capital have prompted speculation among industry analysts that Ally will agree to sell at least a portion of ResCap’s $10.9 billion legacy portfolio within the next two months. Nationstar Mortgage has been mentioned as a front-runner to acquire ResCap’s non-agency mortgage servicing rights, although other servicers have also considered the acquisition. “In light of ResCap’s liquidity and capital needs combined with volatile conditions in the marketplace, there is substantial doubt about ...
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