Public mention of the Treasury memo was first made earlier this month by former Solicitor General Ted Olson at a GSE shareholders rights advocacy forum in Washington.
Matt Monahan is expected to aid HL as it tries to take advantage of a red hot market for servicing sales. A former deal maker at Cohane Rafferty Securities, he will beef-up HLs mortgage sales force.
Despite the slowdown, an estimated 630,000 mortgages were guaranteed by VA in FY 2013 a record. Wells Fargo was the top VA funder with $14.82 billion. USAA was second.
IMA is out with a new $1.294 billion package of bulk Ginnie Mae MSRs, plus a monthly flow deal that could net a buyer an additional $900 million in Fannie Mae/Freddie Mac and Ginnie rights.
In an email exchange with IMFnews, RFC's Stein confirmed the sale, but declined to provide any details including the size of the MSRs or the purchase price.