We're in a refinancing boom and Wilbur Ross's American Home Mortgage Servicing business in Irving, Texas, has $41 billion in residential receivables to protect. There's talk making the rounds that American Home is in discussions with a vendor to outsource the targeted refinancing on its servicing portfolio. Meanwhile, Mr. Ross is buying a large stake in First Bank & Trust of Indiantown, Fla. And according to a report in our sister publication American Banker, he is part of a group considering a run at the troubled BankUnited of Coral Gables, Fla., once one of the largest payment option ARM lenders in the nation...
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