Investment banker Credit Suisse is in talks to buy subprime wholesaler ResMae Mortgage of Brea, Calif., investment banking sources have confirmed to MortgageWire.At deadline time, ResMae had not returned telephone calls. A source at Credit Suisse confirmed the talks but said a purchase agreement has not been signed. According to the Quarterly Data Report, ResMae is a top-20-ranked subprime funder. (For more details, see the Jan. 22 issue of National Mortgage News.) ResMae can be found on the Web at https://www.resmae.com.
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