Will Bank of America soon start unloading its massive portfolio of nonperforming residential loans -- and will it be in time to help save some of the mortgage vulture funds that were set up to bottom feed on the product? (We're hearing that some of those funds may be shutting down -- and have returned seed money to their investors.) Time will tell, but the situation is heating up -- or so we're told by some of the executives who plan in the NPL (nonperforming loan) space. Meanwhile, we assume the publicly traded PennyMac soon will release third quarter earnings. In trading Tuesday its stock fell to $18.40, which is a 52-week low -- a tie for its 52-week low, that is. PennyMac was created to invest and service NPLs...
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