Skip to main content

Wells Fargo expanding its RMBS platform

NationalMortgageProfessional.com
Apr 29, 2010

Wells Fargo Securities has announced that it has expanded its Residential Mortgage-Backed Securities (RMBS) platform. The RMBS group now provides a full suite of advisory, structuring, research, distribution and trading services to our residential origination and investing clients and to Wells Fargo Home Mortgage (WFHM), the country's largest residential mortgage originator. The group has added a number of key hires to oversee the business. Mike Buttner has been appointed the head of Residential Mortgage Backed Securities. A 19-year veteran of Wells Fargo, Buttner was most recently responsible for managing the hedging activities of WFHM's servicing rights and pipeline/warehouse assets. He reports jointly to Tim Mullins, head of fixed income trading and Julie Caperton, head of asset-backed finance and securitization, two divisions within the securities and investment group. Reporting to Buttner are Doug Lucas, head of residential mortgage trading, and Dash Robinson, head of residential mortgage finance structuring & lending. Lucas has more than 20 years of experience managing residential risk and most recently ran structured products trading in London for Bear Stearns, where his team set up a mortgage company in Europe. Robinson was previously responsible for the execution, surveillance and restructuring oversight of Wells Fargo's structured finance transactions. "Adding seasoned market professionals with deep residential experience has enabled us to quickly expand our RMBS platform," said Caperton. "We are now able to offer a full suite of origination and distribution services to our clients." "Wells Fargo's dominance in mortgage origination combined with strong investor demand for all types of residential product made this an obvious area to expand within Wells Fargo Securities," said Mullins. "We are excited to have the in-house capabilities in place to offer these services to our mortgage company in addition to our external originating and investing clients." For more information, visit www.wellsfargo.com.  
Published
Apr 29, 2010
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021