Home » Short Takes: Freddie Still Owed $1.2 Billion From Lehman / Citi Buys NPLs from Wells / HLSS Buys Servicing Rights From Ocwen / Ross Joins Ocwen / MI Firms Fear the QRM

Looking to read the full article? Register today!

Short Takes: Freddie Still Owed $1.2 Billion From Lehman / Citi Buys NPLs from Wells / HLSS Buys Servicing Rights From Ocwen / Ross Joins Ocwen / MI Firms Fear the QRM

March 14, 2013

George Brooks and Paul Muolo

Freddie Mac is still owed $1.2 billion from Lehman Brothers, which went bust five years ago. Also, Wells Fargo sells NPLs to Citigroup.

News IMFnews Inside Mortgage Finance Inside MBS & ABS Inside the CFPB GSEs Originations Servicing Mergers & Acquisitions Personnel

Latest Imf News

Rocket Takes Large Loss in 3Q Tied to MSR Values
Losses Increase at Better, Profitability a Ways Off
CrossCountry Teams With Chase for Prime Non-Agency MBS
Angelo Gordon’s REIT Diving Into Home Equity Loans

More Imf News

Featured Data

ARMs, IO Loans Help Boost ECM Securitizations in 3Q
Delinquencies Rise Across Ginnie Servicing in 3Q
CMBS Issuance Up Again in 3Q24 as Multifamily Surges
Large Nonbank Servicers Gain Share in Third Quarter

More Featured Data

Featured Reports

Top Mortgage Players: 2Q24 (PDF)
Mortgage Profitability Report 2Q24 (PDF)
Agency Channel Analysis: 3Q24 (PDF)
IMF Mortgage Directory: Full interactive database

More Latest Reports

Short Takes: Freddie Still Owed $1.2 Billion From Lehman / Citi Buys NPLs from Wells / HLSS Buys Servicing Rights From Ocwen / Ross Joins Ocwen / MI Firms Fear the QRM

Latest Imf News

Rocket Takes Large Loss in 3Q Tied to MSR Values

Losses Increase at Better, Profitability a Ways Off

CrossCountry Teams With Chase for Prime Non-Agency MBS

Angelo Gordon’s REIT Diving Into Home Equity Loans

Featured Data

ARMs, IO Loans Help Boost ECM Securitizations in 3Q

Delinquencies Rise Across Ginnie Servicing in 3Q

CMBS Issuance Up Again in 3Q24 as Multifamily Surges

Large Nonbank Servicers Gain Share in Third Quarter

Featured Reports

Top Mortgage Players: 2Q24 (PDF)

Mortgage Profitability Report 2Q24 (PDF)

Agency Channel Analysis: 3Q24 (PDF)

IMF Mortgage Directory: Full interactive database

Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?