Loan Think

What We're Hearing

Sources tell us that a large package of bulk mortgage servicing rights could hit the market in the next month or so. This pool of receivables is not the Thornburg Mortgage deal. (See the National Mortgage News website later today for an update on that package.) The Federal Deposit Insurance Corp., which is keen to liquefy some of its receivership assets (whole loans and servicing rights), is involved. Meanwhile, we're told there's a growing small army of "broker aggregators" out there, snapping up existing loan brokerage firms on the cheap. Stay tuned for more information...

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