National Mortgage News

The current headlines from National Mortgage News

Buyer Interest Strong on AmTrust Receivables
The Federal Deposit Insurance Corp. will begin taking final bids on the $23 billion AmTrust Bank residential servicing portfolio by the end of July with a winner picked shortly thereafter, investment banking sources said Wednesday.
Some Backing Insurance Wrap Model for GSEs
One area of consensus in Fannie Mae/Freddie Mac reform that is emerging in at least one of the two main political camps eyeing the issue could be an entity or entities that provide an explicit guarantee and insurance wrap on mortgage-backed securities.
Connecticut's TMS Plans Further Expansion of Wholesale
Internet retail lender Total Mortgage Services, Milford, Conn., said the TMS Funding wholesale division it has formally opened up to select brokers in 17 states plans to slowly and carefully expand to all but a handful of others in this country over a period of more than a year.
United Kingdom's Prime RMBS Market Continues to Stabilize
The United Kingdom's prime residential mortgage-backed securities market continued to stabilize in May, the latest month tracked by Moody's Investors Service indices.
ABA Strikes Mortgage Correspondent Deal with Wells
The American Bankers Association has opened the door for more of its members to sell residential mortgages to Wells Fargo Funding under a special pricing arrangement.

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