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Home » Store » News » As GSEs Pull Back From Servicing Advance Lines With Nonbanks, More Deals Could Move to Wall Street

As GSEs Pull Back From Servicing Advance Lines With Nonbanks, More Deals Could Move to Wall Street

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Fannie Mae – and perhaps, Freddie Mac – over the past few years have been quietly extending servicing advances to a handful of large nonbank specialty servicers, but it now appears that market might be shifting to Wall Street. Late last month, Green Tree Servicing signed a $1.2 billion servicing advance facility with Barclays Bank, a 12-fold increase from a previous agreement the nonbank had. Barclays is...
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