WMIH Corp., a shell company whose chief asset is tax losses, this week agreed to purchase Nationstar Mortgage for roughly $1.68 billion in cash and stock.
“Both sides have gotten to know each other very well, so the intangibles and cultural fit are expected to be very strong,” said investment banker Mark Stafford of MS Capital Advisors.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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